Cielo Corporation had net income of $740,000 in 20x4 and $830,000 in 20x5. Total stockholders' equity at the end of 20x4 was $1,250,000 and total stockholders' equity at the end of 20x5 was $1,500,000. Cielo's total assets at the end of 20x4 were $2,210,000 and its total assets at the end of 20x5 were $2,860,000. Based on this information, what is Cielo's return on equity for 20x5?

A) 32.74%
B) 55.33%
C) 57.09%
D) 60.36%


D

Business

You might also like to view...

Which of the following correctly reflects marketing expert David Arnold's recommendations for companies engaged in global market research?

A) use multiple indicators B) develop customized measures specific to an industry or product C) conduct comparative assessments in neighboring countries D) observation should be weighted more heavily than statements of purchase intention E) all of the above

Business

List two objectives in setting transfer prices.

What will be an ideal response?

Business

Human resource ______ and labor requirements planning are the core of human resource managers’ ability to analyze future employment needs for our organizations.

A. regression B. forecasting C. expansion D. simplification

Business

The net present value (NPV) method implicitly assumes that the rate at which cash flows can be reinvested is the required rate of return, whereas the internal rate of return (IRR) method implies that the firm has the opportunity to reinvest at the project's IRR.

Answer the following statement true (T) or false (F)

Business