Net Income for Kirby Corporation for 2017 Was $60,000

question 164

Multiple Choice

Net income for Kirby Corporation for 2017 was $60,000.Common shareholders' equity was $250,000 and $275,000,on January 1,2017,and December 31,2017,respectively.What was the return on common shareholders' equity for Kirby Corporation for 2017?

• A) 0.22
• B) 0.24
• C) 0.23
• D) 1.00

---

Definitions:

Discouraged Workers

Individuals who are not actively looking for employment because they believe no jobs are available for them.

Unemployment Insurance

is a government program that provides temporary financial assistance to eligible workers who are unemployed through no fault of their own.

Misery Index

The misery index is an economic indicator created by adding the unemployment rate to the inflation rate, designed to measure the health of an economy.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a reference rate for various types of loans.