Landvision Inc. had net income in 2020 for $120,000. Here are some of the extra financial ratios from the annual report Profit margin 20%, Return on Assets 35%, Debt to Asset Ratio 30% Please calculate the ROE ratio

Landvision Inc. had net income in 2020 for $120,000. Here are some of the extra financial ratios from the annual report Profit margin 20%, Return on Assets 35%, Debt to Asset Ratio 30% Please calculate the ROE ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Landvision Inc. had net income in 2020 for
$120,000. Here are some of the extra
financial ratios from the annual report
Profit margin 20%, Return on Assets 35%,
Debt to Asset Ratio30%
Please calculate the ROE ratio
O A. 70%
B. 60%
O C. 50%
O D. 25%

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