Camden Enterprises provides the following information: • • Return on assets (ROA): 12% Total assets: $6,000,000 Common equity: $40 per share Number of shares of common stock outstanding: 120,000 Calculate Camden Enterprises' return on equity (ROE). a. 16.0% b. 15.0% c. 14.5% d. 13.5%
Camden Enterprises provides the following information: • • Return on assets (ROA): 12% Total assets: $6,000,000 Common equity: $40 per share Number of shares of common stock outstanding: 120,000 Calculate Camden Enterprises' return on equity (ROE). a. 16.0% b. 15.0% c. 14.5% d. 13.5%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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What is the return on equity on these financial accounting question?

Transcribed Image Text:Camden Enterprises provides the following information:
•
•
Return on assets (ROA): 12%
Total assets: $6,000,000
Common equity: $40 per share
Number of shares of common stock outstanding: 120,000
Calculate Camden Enterprises' return on equity (ROE).
a. 16.0%
b. 15.0%
c. 14.5%
d. 13.5%
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