Last year Home Inc. had sales of $350,000 and a net income of $25,000, and its year-end assets were $280,000. The firm's debt-to-equity ratio was 50%. Based on the DuPont equation, what was the ROE?

Select one:

a.

10.71%

b.

13.39%

c.

17.86%

d.

8.93%

John deposits a sum of money for four years at a fixed rate of compound interest. After three years the amount in the account is RM 52,600, and after four years the amount in the account is RM 56,808. Calculate the original sum deposited.

Select one:

a.

RM 45,096

b.

RM 41,756

c.

RM 38,663

d.

RM 48,703

Clear my choice