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:

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Well-Adjusted

Describes someone who is capable of coping effectively with the demands of daily life and participates in society without undue emotional or psychological stress.

Task And Interpersonal

Describes two distinct but interrelated aspects of team or group dynamics, where 'task' refers to the activities and work performed, and 'interpersonal' refers to the relationships and interactions between members.

Status And Power

The relative standing or position of individuals or groups in a social hierarchy, and the ability to influence others or control resources.