Compute ROE Selected balance sheet and income statement for Facebook Inc. follows. Dec. 31, $ millions Dec. 31, 2018 2017 $101,083 $88,273 Total assets Total liabilities Revenue Net income 16,956 13,926 59,587 25,861 Compute the return on equity for the year ended December 31, 2018. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 ROE. $ Numerator 0 $ Denominator ROE 0 96
Compute ROE Selected balance sheet and income statement for Facebook Inc. follows. Dec. 31, $ millions Dec. 31, 2018 2017 $101,083 $88,273 Total assets Total liabilities Revenue Net income 16,956 13,926 59,587 25,861 Compute the return on equity for the year ended December 31, 2018. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 ROE. $ Numerator 0 $ Denominator ROE 0 96
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Compute ROE
Selected balance sheet and income statement for Facebook Inc. follows.
Dec.
31,
$ millions Dec. 31, 2018 2017
$101,083 $88,273
Total assets
Total liabilities
Revenue
Net income
16,956 13,926
59,587
25,861
Compute the return on equity for the year ended December 31, 2018.
Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the
numerator and denominator amounts to compute 2018 ROE.
$
Numerator
0 $
Denominator
ROE
0
96](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1e9a9eeb-4a0e-41f6-8598-5634043f2c8a%2F09a6ff88-ee2f-4db8-8311-461aa533fe50%2F0tv75fo_processed.png&w=3840&q=75)
Transcribed Image Text:Compute ROE
Selected balance sheet and income statement for Facebook Inc. follows.
Dec.
31,
$ millions Dec. 31, 2018 2017
$101,083 $88,273
Total assets
Total liabilities
Revenue
Net income
16,956 13,926
59,587
25,861
Compute the return on equity for the year ended December 31, 2018.
Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the
numerator and denominator amounts to compute 2018 ROE.
$
Numerator
0 $
Denominator
ROE
0
96
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education