Tech Solutions has a net income of $215,000. The firm has $1.75 million in assets and $650,000 in liabilities. What is the return on equity?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Financial accounting

Tech Solutions has a net income of $215,000. The firm has
$1.75 million in assets and $650,000 in liabilities. What is the
return on equity?
Transcribed Image Text:Tech Solutions has a net income of $215,000. The firm has $1.75 million in assets and $650,000 in liabilities. What is the return on equity?
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