Answered: ABC Corp.'s total common equity at year…

ABC Corp.'s total common equity at year end was $250,000 and net income after taxes was $45,000. What was its ROE? a) 16.5% b) 18.0% c) 17.2% d) 19.5%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

I want to correct answer general accounting question

ABC Corp.'s total common equity at year end was $250,000 and net income
after taxes was $45,000. What was its ROE?
a) 16.5%
b) 18.0%
c) 17.2%
d) 19.5%

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