In the Latest Year, Photon, Inc

question 92

Multiple Choice

In the latest year, Photon, Inc. reported $276,000 in net income. The firm maintains a debt ratio of 30% and has total assets of $3,000,000. What is Photon's return on equity? (Round your percentage answer to one decimal place.)

• A) 13.1%
• B) 14.6%
• C) 22.5%
• D) 18.7%

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Definitions:

High Degree of Public Visibility

A situation or status in which an individual, organization, or event is highly noticeable or exposed to the public eye, often scrutinized by media and the public.

Right to Appeal

A legal principle that allows an individual or entity to request a higher court to review the decision of a lower court.

Costs and Delays

Expenses and time extensions incurred during a project or process that exceed the original estimates and plans.

Trust

A legal arrangement in which a grantor allows a trustee to manage assets on behalf of a beneficiary.