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:

Advertising

The act of promoting products, services, or brands through various media channels to attract consumer interest.

Price Increase

A price increase refers to a rise in the cost of goods or services, often as a response to inflation, increased production costs, or higher demand.

Decision-making Authority

is the power or right vested in individuals or groups to make important decisions within an organization.

Persuasive Communication

The process of using messages to influence others’ beliefs, attitudes, or behaviors.