Which Industry Had the Highest ROE in 2016 According to the Text

question 68

Multiple Choice

Which industry had the highest ROE in 2016 according to the text?

• A) electric utilities
• B) business software
• C) aerospace
• D) money center banks

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Definitions:

CVP Income Statement

An income statement format that organizes costs based on whether they are fixed or variable and is used in Cost-Volume-Profit analysis to determine how revenues, costs, and profits are influenced by changes in volume.

Variable Expenses

Costs that change in proportion to the activity of a business such as sales volume or production levels.

CVP Income Statement

A financial report that shows the effects of varying levels of sales and product costs on a company's net income.