Grayson Ltd. reports the following information: Year 2013 2012 Net Income $510 Total Equity $4,500 $4,650 What is the return on equity (ROE) ratio in 2013?
Grayson Ltd. reports the following information: Year 2013 2012 Net Income $510 Total Equity $4,500 $4,650 What is the return on equity (ROE) ratio in 2013?
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
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What is the return on equity ratio of this financial accounting question?

Transcribed Image Text:Grayson Ltd. reports the
following
information:
Year
2013
2012
Net Income
$510
Total Equity $4,500 $4,650
What is the return on equity (ROE) ratio in
2013?
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