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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Presidents' Names

References to the individuals who have held the office of the president in various countries, often used in historical or political contexts.

Retain

To keep in possession or memory; holding onto information, objects, or positions without letting go or losing them.

Recall

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