8. Lina Co. has net income of $10,000 and common equity of $100,000. The ROE ratio for the çompany iş:

Cornerstones of Financial Accounting
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Chapter10: Stockholder's Equity
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Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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8. Lina Co. has net income of
$10,000 and common equity of
$100,000. The ROE ratio for the
company is: *
a) 5%
b) 18%
c) 20%
d) 10%
e) None of the above
Transcribed Image Text:8. Lina Co. has net income of $10,000 and common equity of $100,000. The ROE ratio for the company is: * a) 5% b) 18% c) 20% d) 10% e) None of the above
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