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question 120

Multiple Choice

[The following information applies to the questions displayed below.]
Shown below are selected data from the financial statements of Supreme Co.Dollar amounts are in millions (except for the per share data) .
Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share.At year-end,the Wall Street Journal listed Supreme's capital stock as trading at $88 per share.
-200 Supreme's return on equity was:

• A)11%.
• B)25%.
• C)7.5%.
• D)16.3%.

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Definitions:

Inner Attitude

A person's inward feelings, beliefs, or stance towards life situations, influencing their responses and behavior.

Creative Choice

The decision-making process that involves thinking in new and innovative ways.

Financial Management

The strategic planning, organizing, directing, and controlling of financial undertakings in an organization or an individual's life.

Real Wealth

The tangible or material assets one possesses, as opposed to perceived wealth or status indicators.