In 2016, the Improvement in ABC's Return on Equity Occurred

question 117

Multiple Choice

In 2016, the improvement in ABC's return on equity occurred because

• A) ABC used more debt than in 1994.
• B) ABC lowered its expenses in 1995 and was, therefore, more profitable.
• C) ABC utilized its total assets more efficiently in 1995.
• D) None of the above explain the improvement in ABC's return on equity.

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Definitions:

Pennsylvania

A state located in the northeastern part of the United States, known for its historical significance in the founding of the country.

Walking Purchase

A controversial 1737 land deal in which the Penn family and colonists claimed a large area of land in Pennsylvania through a fraudulent walking survey.

Indians

Indians refers to the indigenous peoples of the Indian subcontinent, or in a historical American context, Native Americans, the original inhabitants of the Americas prior to European colonization.

Pennsylvania

A state located in the northeastern region of the United States, known for its rich history, including being one of the original 13 colonies.