Creative Tools Inc. has a net income of $162,000. The company reports total assets of $1,600,000 and liabilities of $600,000. What is the return on equity (ROE)?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
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Creative Tools Inc. has a net income of
$162,000. The company reports total assets of
$1,600,000 and liabilities of $600,000.
What is the return on equity (ROE)?
Transcribed Image Text:Creative Tools Inc. has a net income of $162,000. The company reports total assets of $1,600,000 and liabilities of $600,000. What is the return on equity (ROE)?
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