Use the Following Information for ECE Incorporated

question 24

Multiple Choice

Use the following information for ECE incorporated:
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
-If ECE reported $15 million in net income,then ECE's Return on Assets (ROA) is:

• A) 5.0%
• B) 7.5%
• C) 10.0%
• D) 15.0%

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Definitions:

Minimum Data Set (MDS)

A standardized assessment tool that helps health care professionals understand the care needs and preferences of residents in long-term care facilities.

Federal Law

Legislation enacted by the national government of a country that applies to all its citizens and entities.

Long-Term Care Facility

A healthcare facility designed to provide various services for individuals who are unable to independently care for themselves over an extended period.

Narrative

A spoken or written account of connected events; a story that may be factual or fictional, used for entertainment, education, or recording history.