Answered: Calculate the ROE for the following… | bartleby

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate the ROE for the following information:
$2,740,000
•Net Income after tax =
•Sales $69,500,000
%3D
• Total Assets = $37,430,000
• Total Equity = $10,956,000
Your answer should be rounded to two decimal places.

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