Use the Following Information for ECE Incorporated

question 48

Multiple Choice

Use the following information for ECE incorporated:

-If ECE's return on assets (ROA) is 12%,then ECE's net income is:

• A)$6 million.
• B)$12 million.
• C)$22 million.
• D)$36 million.

---

Definitions:

Exocrine Gland

Gland that secretes milk, sweat, saliva, or some other substance through a duct.

Endocrine Gland

Ductless gland; aggregation of hormone-secreting epithelial cells with associated connective tissue and blood vessels.

Pancreas

A glandular organ in the digestive and endocrine systems of vertebrates that produces enzymes for digestion and hormones such as insulin for blood sugar regulation.

Anterior Pituitary

The front portion of the pituitary gland, producing and secreting various hormones that regulate several physiological processes including growth, reproduction, and metabolism.