Use the Following Information for ECE Incorporated

question 51

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 return on equity (ROE) is:

• A) 10%
• B) 12%
• C) 18%
• D) 24%

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Definitions:

Imagined Event

A scenario or occurrence that is created in the mind but has not actually happened in reality.

Explicit Memory

A type of long-term memory that involves conscious recollection of specific facts and events.

Conscious Recollection

The process of intentionally remembering or recalling information from one's past.

Source Misattribution

A memory error where a person is unable to remember the source of a memory, leading to potential inaccuracies or confusions.