Andrade Corp Has Debt of $2,834,950, Total Assets of $5,178,235

question 63

Multiple Choice

Andrade Corp has debt of $2,834,950, total assets of $5,178,235, sales of $8,234,121, and net income of $812,355. What is the firm's return on equity? Round your final answer to one decimal place.

• A) 7.1%
• B) 34.7%
• C) 28.1%
• D) 43.2%

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Definitions:

Selling Product

The process of promoting and transferring ownership of a product from the seller to the buyer for payment.

Company Expansion

The process by which a company increases its size, operations, or market presence, often through opening new locations, acquiring other companies, or entering new markets.

Written Communication

The process of conveying messages or information through written symbols, either printed or electronic.

Oral Communication

Communicating thoughts or information by speaking.