The Following Information Is Available for the Gold Company What Is the Return on Stockholders' Equity for the Year

question 122

Multiple Choice

The following information is available for the Gold Company:
$\begin{array} { l }\text { Net income for the year ended December 31, } 2014&\$127.4\\ \text {Retained earnings, December 31, 2014 }&150.0\\ \text {Retained earnings, December 31, 2013 }&180.0\\ \text {Total assets, December 31, 2014 }&470.0\\ \text {Total assets, December 31, 2013 }&442.0\\ \text {Total liabilities, December 31, 2014 }&240.0\\ \text { Total liabilities, December 31, 2013}&182.0\\\end{array}$

What is the return on stockholders' equity for the year ended December 31,2014?

• A) 24.1%
• B) 27.1%
• C) 52.0%
• D) 55.4%

---

Definitions:

Economic

Relating to the system of production, distribution, and consumption of goods and services within a society or geographical area.

Generation X

A demographic cohort following the baby boomers and preceding the Millennials, typically defined as being born from the early-to-mid-1960s to the early 1980s.

Traditionalists

Individuals who advocate for the preservation of traditional values, customs, and practices.

Baby Boomers

The generation that experienced a significant increase in birth rates following the end of WWII, characterized by distinct economic, political, and social trends.