Information from the Financial Statements Are Provided Below

question 9

Multiple Choice

Information from the financial statements are provided below:

-Refer to Rio Imports. Return on equity for 2015 is

• A)18.75%.
• B)21.43%.
• C)23.85%.
• D)27.26%.

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Definitions:

Normal Good

A good whose demand increases as consumers' income rises, holding all other factors constant.

Consumption

Consumption refers to the use of goods and services by households. It is a primary component of the economy, encompassing the spending on goods and services by consumers.

Income

Money received, especially on a regular basis, for work or through investments.

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.