Zero Corp's Total Common Equity at the End of Last

question 64

Multiple Choice

Zero Corp's total common equity at the end of last year was $510,000 and its net income was $70,000.What was its ROE?

• A) 16.33%
• B) 13.73%
• C) 16.06%
• D) 11.39%
• E) 16.61%

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Definitions:

Economic Theories

These are frameworks or models that explain how economic processes work and predict how economies will respond to certain actions.

Positive Statement

A fact-based assertion in economics that can be tested and validated, focusing on what is rather than what ought to be.

Carbon Emissions

The release of carbon dioxide into the atmosphere, primarily from burning fossil fuels, contributing to climate change.

Automobiles

Wheeled motor vehicles used for transportation, typically powered by an internal combustion engine or electric motor.