Use the Following Information for ECE Incorporated

question 6

Multiple Choice

Use the following information for ECE incorporated:
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
-If ECE's return on assets (ROA) is 12% ,then ECE's net income is:

• A) $6 million
• B) $12 million
• C) $24 million
• D) $36 million

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for quick action in emergencies; "fight or flight" response.

Digestive Activity

The complex process involving the breakdown of food into smaller, absorbable components by the body’s digestive system.

Bloodstream

The flowing body of blood that circulates throughout the body through arteries, veins, and capillaries, delivering oxygen and nutrients to tissues and removing carbon dioxide and waste products.

Respiration

The process by which living organisms inhale oxygen and exhale carbon dioxide, essential for life.