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:

Personal Use

The utilization of software, hardware, or services for individual needs, as opposed to commercial or business use.

Microprocessor

A small-scale integrated circuit that carries out the tasks and functions of a computer’s CPU.

Digital Divide

The disparity between people who can use contemporary information and communication technology and those who lack this access.

Digital Assistant

A software agent that can perform tasks or services for an individual based on commands or questions.