Return on equity? Financial accounting BlueHarbor Ltd. has the following financial data:•Sales = $1,800,000Net Profit after Taxes = $90,000. Total Assets = $2,200,000Common Stockholders' Equity = $600,000What is BlueHarbor Ltd.'s Return on Equity (ROE)?A) 15%B) 5%C) 10%D) 20%

Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a profitability ratio that…

Answered: BlueHarbor Ltd. has the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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BlueHarbor Ltd. has the following financial data: • Sales = $1,800,000 Net Profit after Taxes = $90,000 . Total Assets = $2,200,000 Common Stockholders' Equity = $600,000 What is BlueHarbor Ltd.'s Return on Equity (ROE)? A) 15% B) 5% C) 10% D) 20%