Corbin,Inc

question 52

Multiple Choice

Corbin,Inc.had net income of $150,000 on sales of $5,000,000 during 2014 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 2014?

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

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Definitions:

Activity Timing

The regulation of behavior patterns according to time, such as sleep/wake cycles or seasonal activities.

Delay of Gratification

The ability to resist the temptation for an immediate reward and wait for a later, often greater, reward.

Desired Reward

An attractive and sought-after outcome or item, typically as a result of one's actions or achievements.

Distracted Themselves

The act of diverting one's attention away from a particular task or focus to engage in another activity or thought.