The Lo-Gro Co

question 15

Multiple Choice

The Lo-Gro Co. in 2010 had equity of $15 million, net income of $1,800,000 of which 60% was paid out as dividends. The ROE and retained earnings for the Lo-Gro Co. are:

• A) 1.2%; $720,000.
• B) 4.8%; $720,000.
• C) 12%; $1,080,000.
• D) 12%; $720,000.

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Definitions:

Frequency Distribution

A frequency distribution illustrates the frequency with which each unique value appears within a dataset.

Took Physics

An indication that someone has participated in or completed a course in physics.

Nominal

A type of data that represents categories without any intrinsic order or ranking among them.

Level Of Measurement

Refers to the different ways in which variables or data points can be quantitatively and qualitatively categorized.