If the average ROE in the heating and cooling industry is 10.1%, and Thermacorp's ROE is 17.3%, Thermacorp is said to have
A) below average accounting performance.
B) above average economic performance.
C) above average accounting performance.
D) below average economic performance.

Question

Quizplus · Accepted Answer

Thermacorp's ROE of 17.3% is higher than the industry average of 10.1%, indicating above average accounting performance.

If the Average ROE in the Heating and Cooling Industry