PDG Corporation Had a Return on Equity of 18

question 208

Multiple Choice

PDG Corporation had a return on equity of 18%.Beginning and ending shareholders' equity for the corporation were $570,000 and $560,000 respectively.There were 350,000 common shares and no preferred shares outstanding.What was net income for the year?

• A)$101,700
• B)$63,000
• C)$3,138,888.89
• D)$1,944,444.44

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Definitions:

Thalamus

A part of the brain that serves as a relay station, transmitting information between different areas of the brain.

Hypothalamus

A region of the brain that coordinates many activities, including temperature regulation, thirst, hunger, and emotional activity.

Diencephalon

The between brain, which integrates sensory and motor information on its way to the cerebral cortex.

Mesencephalon

Also known as the midbrain, it is a portion of the brainstem involved in vision, hearing, motor control, sleep/wake, arousal, and temperature regulation.