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
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Chapter24: Analysis Of Financial Statements
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Please give me answer general accounting question

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?
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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