Use the Following Information for ECE Incorporated

question 29

Multiple Choice

Use the following information for ECE incorporated:

-If ECE reported $15 million in net income,then ECE's Return on Equity (ROE) is:

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

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Definitions:

Legitimate

Authentic, valid, or in accordance with established laws, rules, or standards.

Consumer Organization

An advocacy group that seeks to protect and inform consumers about their rights and interests.

Television Set

An electronic device designed for viewing television broadcasts or other visual content.

Probability

A measure of the likelihood that an event will occur, represented as a number between 0 and 1.