Ice Video Corporation Had an Average Common Shareholders' Equity of $423,785.The

question 54

Short Answer

Ice Video Corporation had an average common shareholders' equity of $423,785.The company had net income during the year of $213,465.There were 258,000 shares of common stock outstanding throughout the year and no preferred stock at any time.Calculate return on equity (round to the nearest tenth of a percent).

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Definitions:

Control Variable

A variable that is kept constant during a scientific experiment to ensure that the effect of the independent variable on the dependent variable is observed without interference.

Hypothetical Variable

A variable conceived by researchers to explain behaviors observed in their studies, but not directly observable or measurable itself.

Dependent Variable

A measurable outcome or effect in an experiment that is influenced by changes in the independent variable.

Independent Variable

the variable that is manipulated or changed in an experiment to explore its effects on the dependent variable.