A company has a net income of $150,000 and total equity of $600,000. What is the ROE? A) 15% B) 20% C) 25% D) 30%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...
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A company has a net income of $150,000 and total equity of
$600,000. What is the ROE?
A) 15%
B) 20%
C) 25%
D) 30%
Transcribed Image Text:A company has a net income of $150,000 and total equity of $600,000. What is the ROE? A) 15% B) 20% C) 25% D) 30%
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