Catherine's Consulting Has a Net Income of $ 1,400 and a Total

question 19

Multiple Choice

Catherine's Consulting has a net income of $ 1,400 and a total equity of $ 12,000.The debt-equity ratio is 1.0 and the plowback is 30%.What is the return on assets?

• A)4.24%
• B)4.64%
• C)5.23%
• D)5.83%
• E)None of the above

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Definitions:

Financial Support

Funding provided to businesses, individuals, or nations to aid in achieving economic goals or covering expenses.

Product Uniqueness

The distinct characteristics that make a product stand out from its competitors in the market, often leading to competitive advantage.

Entrepreneurs' Network

A supportive community of business founders and entrepreneurs who share resources, knowledge, and connections.

Self-selected Stakeholders

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