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Mike's Diner has total assets of $200,000, a debt-equity ratio of 0.75, and a net income of $18,000. What is the return on equity (ROE)? a) 12.86 percent b) 14.50 percent c) 15.75 percent d) 16.25 percent e) 13.75 percent

Mike's Diner has total assets of $200,000, a debt-equity ratio of 0.75, and a net income of $18,000. What is the return on equity (ROE)? a) 12.86 percent b) 14.50 percent c) 15.75 percent d) 16.25 percent e) 13.75 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Mike's Diner has total assets of $200,000, a debt-equity ratio of 0.75, and a net income of $18,000. What is the return on equity (ROE)? a) 12.86 percent b) 14.50 percent c) 15.75 percent d) 16.25 percent e) 13.75 percent
Transcribed Image Text:Mike's Diner has total assets of $200,000, a debt-equity ratio of 0.75, and a net income of $18,000. What is the return on equity (ROE)? a) 12.86 percent b) 14.50 percent c) 15.75 percent d) 16.25 percent e) 13.75 percent
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