Corbin Solutions Had Net Profit of $150 000 on Sales

question 110

Multiple Choice

Corbin Solutions had net profit of $150 000 on sales of $5 000 000 during 2016.In addition, the firm's total assets were $2 500 000, and its capital structure is comprised of 40% debt and 60% equity.What was Corbin's return on equity in 2016?

• A)15%
• B)2.5%
• C)10%
• D)Return on equity cannot be determined with the information provided.

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Definitions:

Socialization

The social process through which individuals acquire the values, behaviors, and norms of a society and learn to function as members of that society.

Communication

The process of conveying information or expressing thoughts and feelings through verbal or non-verbal means.

Impression Management

is a process in which individuals attempt to influence the perceptions of others about a person, an object, or an event by regulating and controlling information in social interactions.

Behavior Display

The observable expression of emotions, intentions, or social status through physical actions or reactions.