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 = $10,956,000Your answer should be rounded to two decimal places.

Name: Calculate the ROE for the following information:$2,740,000•Net Income
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Description: 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 = $10,956,000Your answer should be rounded to two decimal places.

Formula: Return on Equity = Net Income after tax / Total Equity

Business

Accounting

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

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

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....

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