Which of the following firms would be expected to have a high ROE?
A) a medical supply company that provides very precise instruments at a high price to large medical establishments such as hospitals
B) a high-end fashion retailer that has a very high mark-up on all items it sells
C) a brokerage firm that has high levels of leverage
D) a grocery store chain that has very high turnover, selling many multiples of its assets per year
Answer: D
You might also like to view...
On the way to track practice you get pulled over for speeding. When you arrive to practice late, the coach makes you run laps. This is an example of ______.
A. legitimate power B. coercive power C. expert power D. personal power
"The Ultra Black Label series is a premium mobile phone made out of real stainless steel and complemented by multi-angle vision technology. This advanced technology allows you to view the screen contents from different angles. With the Ultra phone, you'll always be able to view the display and will never be out of touch." In what order are the features, benefits, and advantages presented in the statement?
A. Feature, advantage, and benefit B. Feature, benefit, and advantage C. Advantage, benefit, and feature D. Benefit, advantage, and feature E. Advantage, feature, and benefit
Securities available-for-sale that a firm intends to sell within one year appear in marketable securities in the current assets section of the balance sheet
Indicate whether the statement is true or false
Amy's employer provides her with several fringe benefits. Which of the following are included in her taxable income?
A. employer's contribution to retirement plan on Amy's behalf B. year-end bonus check C. group term life insurance premium paid by employer for $40,000 coverage for Amy D. employee discount