The Balance Sheets at the End of Each of the First

question 168

Multiple Choice

The balance sheets at the end of each of the first two years of operations indicate the following:

If net income is $115,000 and interest expense is $30,000 for 2012,what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point) ?

• A)10.6%
• B)11.1%
• C)12.4%
• D)14.0%

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Definitions:

Reflexes

Automatic and involuntary responses to stimuli, which are innate and occur without conscious thought.

Babbling

An infant’s repetition of certain syllables, such as ba-ba-ba, that begins when babies are between 6 and 9 months old.

Cooing

A phase in early language development characterized by the production of soft, vowel-like sounds by infants, often seen as a precursor to babbling.

Primary Means

The main or most direct method or tool used to achieve a goal or fulfill a function.