Sheffield Company Had $42,000 of Net Income in 2013

question 74

Multiple Choice

Sheffield Company had $42,000 of net income in 2013.Equity at the beginning of the year was $1,200,000 and at the end of the year was $1,600,000.Sheffield has no preferred shares.Calculate the rate of return on common shareholders' equity.(Round to 3 decimal places.)

• A) 0.035
• B) 0.026
• C) 0.030
• D) 0.032

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Definitions:

Communication Barriers

Obstacles that hinder the effective exchange of ideas or information, which can arise from linguistic differences, cultural misunderstandings, and physical distance among others.

Cultural Differences

Variabilities in norms, values, beliefs, and practices among people from different backgrounds or communities.

Corporate Grapevine

An informal communication network within a business organization, through which information and rumors circulate.

Instant Messaging

A form of real-time text communication between two or more people over the internet or another network.