In the latest year, Photon, Inc. reported $276,000 in net income. The firm maintains a debt ratio of 30% and has total assets of $3,000,000. What is Photon's return on equity?
A) 13.1%
B) 14.6%
C) 22.5%
D) 18.7%
Answer: A) 13.1%
Business
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Companies may not use the fair value option for investments that follow the equity method of accounting
a. true b. false
Business
According to the Allard article, Appearance and Weight…, which of the following statements is true?
a. Because of federal laws, a qualified job applicant cannot be refused employment because the hiring manager has a negative stereotype about the person's height or weight. b. Attractive women tend to have an advantage at lower level jobs but not as much of an advantage at the corporate level or in the professions. c. Weight and wages are not related to each other. d. Standards of physical beauty have remained constant over time and cultures.
Business