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Creative Stationery Inc. has a net income of $152,400. The firm has $1.5 million in assets and $600,000 in liabilities. What is the return on equity (ROE)?

Creative Stationery Inc. has a net income of $152,400. The firm has $1.5 million in assets and $600,000 in liabilities. What is the return on equity (ROE)?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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What is the return on equity of this general accounting question?

Creative Stationery Inc. has a net income of $152,400. The firm has $1.5 million in assets and $600,000 in liabilities. What is the return on equity (ROE)?
Transcribed Image Text:Creative Stationery Inc. has a net income of $152,400. The firm has $1.5 million in assets and $600,000 in liabilities. What is the return on equity (ROE)?
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