What is mesa corporation accounting return on equity? Mesa Corporation reported a net income of $35,000 on sales of $500,000. The company's totalassets were $350,000, and its debt-to-assets ratio was 40%. What is Mesa Corporation's returnon equity?A. 12.5%B. 16.67%C. 18.75%D. 20.83%

Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a measure of the profitability…

Answered: Mesa Corporation reported a net income…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

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Mesa Corporation reported a net income of $35,000 on sales of $500,000. The company's total assets were $350,000, and its debt-to-assets ratio was 40%. What is Mesa Corporation's return on equity? A. 12.5% B. 16.67% C. 18.75% D. 20.83%