Pizza Ventures has a net income of $58,200 and total equity of $145,500. What is the ROE? A) 38.2% B) 41.5% C) 40.0% D) 43.2%

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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Financial accounting problem

Pizza Ventures has a net income of $58,200
and total equity of $145,500. What is the
ROE?
A) 38.2%
B) 41.5%
C) 40.0%
D) 43.2%
Transcribed Image Text:Pizza Ventures has a net income of $58,200 and total equity of $145,500. What is the ROE? A) 38.2% B) 41.5% C) 40.0% D) 43.2%
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