If a business has a net income of $40,000 and total equity of $200,000, what is the ROE?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 17MC: If equity equals $100,000, which of the following is true? A. Assets exceed liabilities by $100,000....
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If a business has a net income of $40,000 and total equity of $200,000,
what is the ROE?
Transcribed Image Text:If a business has a net income of $40,000 and total equity of $200,000, what is the ROE?
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