A company reports the following financial data: ⚫ Net Income: $120,000 • . Total Assets: $800,000 • Total Liabilities: $500,000 What is the Return on Equity (ROE) for the company?
A company reports the following financial data: ⚫ Net Income: $120,000 • . Total Assets: $800,000 • Total Liabilities: $500,000 What is the Return on Equity (ROE) for the company?
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3CE: Compute the following profitability measures for Esplanade Enterprises for 20-2: (a) Profit margin...
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Please give me answer general accounting question

Transcribed Image Text:A company reports the following financial data:
⚫ Net Income: $120,000
•
. Total Assets: $800,000
•
Total Liabilities: $500,000
What is the Return on Equity (ROE) for the company?
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