Use the following information for ECE incorporated:
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
-If ECE's return on assets (ROA) is 12% ,then ECE's net income is:
A) $6 million
B) $12 million
C) $24 million
D) $36 million
Correct Answer:
Verified
Q30: Which of the following statements regarding net
Q54: For the year ending December 31,2009 Luther's
Q58: Use the table for the question(s) below.
Consider
Q68: Use the table for the question(s)below.
Consider the
Q72: Use the following information for ECE incorporated:
Q73: Wyatt Oil has a net profit margin
Q76: Luther's return on equity (ROE)for the year
Q79: Use the following information for ECE incorporated:
Q84: The inventory days ratio measures:
A)the average length
Q100: The Sarbanes-Oxley Act (SOX)stiffened penalties for providing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents