If a business has a net income of $44,700 and total equity of $111,750, what is the ROE? a. 10% b. 15% c. 40% d. 25%
If a business has a net income of $44,700 and total equity of $111,750, what is the ROE? a. 10% b. 15% c. 40% d. 25%
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...
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Transcribed Image Text:If a business has a net income of $44,700
and total equity of $111,750, what is the
ROE?
a. 10%
b. 15%
c. 40%
d. 25%
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