Return on equity is driven by (1 ) the spread between the operating return on assets and the interest
rate, and (2 ) changes in the debt ratio.
Indicate whether the statement is true or false
TRUE
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The total of the dollar amounts on the job order cost cards that have not been completed would be equal to the
A) cost of goods completed. B) balance in the Finished Goods Inventory account. C) cost of goods sold. D) balance in the Work in Process Inventory account.
Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now?
A. $40.17 B. $41.20 C. $42.26 D. $43.34 E. $44.46
In which of the following situations, if any, may the individual not be claimed as a dependent of the taxpayer?
A. A former spouse who lives with the taxpayer (divorce took place last year). B. A stepmother who does not live with the taxpayer. C. A married daughter who lives with the taxpayer. D. A half-brother who does not live with the taxpayer and is a citizen and resident of Honduras. E. A cousin who lives with the taxpayer.
Middle-manager Penelope has a self-sacrificing personality, so she is most likely to be more concerned about
A) getting a big salary increase for herself than for her subordinates. B) the welfare of group members than her own welfare. C) working extra-long hours to attain her career goals. D) looking for ways to maximize her employee benefits.