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:

C-major Chord

A musical chord consisting of the notes C, E, and G, known for its consonant and harmonious sound.

Hearing

The ability to perceive sound by detecting vibrations through an organ such as the ear.

Synesthesia

A condition in which one sense is simultaneously perceived as if by one or more additional senses, such as seeing colors when hearing music.

Different Smells

The perception of various odors, which are interpreted by the brain through the olfactory system.