7. Zara Co. has a total common equity at the end of last year of $810,000 and its net income was $140,000. What was its ROE? *

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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7. Zara Co. has a total common equity at the end of last year of $810,000
and its net income was $140,000. What was its ROE? *
O a) 14.82%
O b) 15.60%
O c) 16.42%
O d) 17.28%
e) None of the above
bar
0 stocks outstanding and its net income was
Transcribed Image Text:7. Zara Co. has a total common equity at the end of last year of $810,000 and its net income was $140,000. What was its ROE? * O a) 14.82% O b) 15.60% O c) 16.42% O d) 17.28% e) None of the above bar 0 stocks outstanding and its net income was
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