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.

---

Definitions:

Monopoly Capitalism

An economic system characterized by the concentration of economic power in the hands of a few individuals or corporations, leading to market dominance and limiting competition.

Autonomy

The capacity to make an informed, uncoerced decision; often associated with the ability to govern oneself or an entity's independence.

Frederic Jameson

A literary and cultural critic known for his analysis of contemporary cultural trends and the critique of postmodernity.

Temporally

Pertaining to time or the sequence of time, especially regarding how things occur in a specific order or timing.