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:

Matrices

Rectangular arrays of numbers, symbols, or expressions arranged in rows and columns that are subject to specific mathematical rules.

Implement

To put into effect or action; to execute a plan, agreement, or method.

Evaluate

The process of making a judgment or forming an opinion about something after careful consideration of its merits and demerits.

Define

To explain the meaning of a word, phrase, or concept.