Team Shirts Had a Return on Equity of 23

question 79

Multiple Choice

Team Shirts had a return on equity of 23%.Average shareholders' equity for the corporation was $123,000.There were 45,000 common shares and no preferred shares outstanding.What was net income for the year?

• A)$28,290
• B)$10,350
• C)$534,782.61
• D)$195,652.17

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Definitions:

Fever

An increase in body temperature above the normal range, often a sign of infection or other medical condition.

Urine Output

The amount of urine produced by the kidneys and excreted by the body, an important indicator of kidney and overall health.

Respiratory Rate

The number of breaths a person takes per minute, an important indicator of respiratory function and overall health.

Primary Hypertension

High blood pressure with no identifiable cause, also known as essential hypertension, which develops gradually over time.