Homework Help is Here – Start Your Trial Now!
Business
Accounting
Price Printing Co. had sales of $12 million, operating income of $4 million, after-tax income of $2 million, assets of $8 million, stockholders' equity of $6 million, and a total debt of $4 million. What is Price Printing Company's return on equity?

Price Printing Co. had sales of $12 million, operating income of $4 million, after-tax income of $2 million, assets of $8 million, stockholders' equity of $6 million, and a total debt of $4 million. What is Price Printing Company's return on equity?

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
See similar textbooks
icon
Related questions
Question

What is price printing company's return on equity? General accounting

Price Printing Co. had sales of $12 million, operating income of $4 million, after-tax income of $2 million, assets of $8 million, stockholders' equity of $6 million, and a total debt of $4 million. What is Price Printing Company's return on equity?
Transcribed Image Text:Price Printing Co. had sales of $12 million, operating income of $4 million, after-tax income of $2 million, assets of $8 million, stockholders' equity of $6 million, and a total debt of $4 million. What is Price Printing Company's return on equity?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SEE MORE TEXTBOOKS