Solved

A Firm's Net Income for the Year Was $200,000

Question 5

Multiple Choice

A firm's net income for the year was $200,000. Average assets totaled $1.5 million, and average liabilities totaled $0.3 million. Return on equity was:


A) 13.3%.
B) 16.7%.
C) 10%.
D) 20%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Financial statement ratios support informed judgments and

Q3: Presented below are the comparative balance sheets

Q4: Which of the following is not usually

Q9: Return on equity:<br>A)will be the same as

Q10: A firm's net income is $315,000 on

Q11: Which of the following accounts is part

Q13: An advantage of the DuPont model for

Q16: Which of the following is a universally

Q22: Another term for return on investment is:<br>A)Return

Q28: The return on investment measure of performance:<br>A)is