Tech Vision Inc. has the following financial data: • • • • Sales: $2,500,000 Net Profits After Taxes: $200,000 Total Assets: $3,200,000 Common Stockholders' Investment: $1,000,000 What is the firm's Return on Equity (ROE)? A) 18% B) 20% C) 25% D) 15%
Tech Vision Inc. has the following financial data: • • • • Sales: $2,500,000 Net Profits After Taxes: $200,000 Total Assets: $3,200,000 Common Stockholders' Investment: $1,000,000 What is the firm's Return on Equity (ROE)? A) 18% B) 20% C) 25% D) 15%
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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Can you help me solve this financial accounting question using the correct financial procedures?

Transcribed Image Text:Tech Vision Inc. has the following financial data:
•
•
•
•
Sales: $2,500,000
Net Profits After Taxes: $200,000
Total Assets: $3,200,000
Common Stockholders' Investment: $1,000,000
What is the firm's Return on Equity (ROE)?
A) 18%
B) 20%
C) 25%
D) 15%
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