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:

Long-Distance Phone

Telecommunication services that enable voice communication over significant geographical distances.

Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Major Industries

The key sectors that are the backbone of an economy, usually characterized by large revenue and substantial impact on employment.

Deregulation

Refers to the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.