Import, Inc. Import, Inc. Has Earnings Available for Common Shareholders of $700

question 48

Multiple Choice

Import, Inc.
Import, Inc. has earnings available for common shareholders of $700 produced by sales of $10,000. It also has total assets of $20,000 and an assets to equity ratio of 2.5.
-What is Import Inc.'s return on common equity?

• A) 7.0%
• B) 8.75%
• C) 17.5%
• D) none of the above

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Definitions:

Make-Table Query

A query that creates a new table in a database from the result set of a SELECT statement.

Action Query

A type of SQL query in Access or other database systems that makes changes to database data, including insert, update, or delete actions.

Selected Data

The specific subset of data that has been highlighted or chosen by a user for a particular operation, such as copying or modification.

Update Query

A type of database query that changes the values in the database's records based on specified criteria.