Use the following information in the table below to answer the question: Blanc Blanc Financial Year ending 2018 2019 Market Price $33.17 $36.08 Total shares outstanding 5,000,000 5,000,000 Total shareholders' equity $63,000,000.00 $68,500,000.00 Net Income $6,940,402.49 $7,393,972.75 Based on the information given the Accounting Return on Equity for Blanc in 2019 is closest to: O A. 7.60% O B. 11.25%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Use the following information in the table below to answer the question:
Blanc
Blanc
Financial Year ending
2018
2019
Market Price
$33.17
$36.08
Total shares outstanding
5,000,000
5,000,000
Total shareholders' equity
$63,000,000.00
$68,500,000.00
Net Income
$6,940,402.49
$7,393,972.75
Based on the information given the Accounting Return on Equity for Blanc in 2019 is closest to:
A. 7.60%
О В. 11.25%
О с. 3.50%
Transcribed Image Text:Use the following information in the table below to answer the question: Blanc Blanc Financial Year ending 2018 2019 Market Price $33.17 $36.08 Total shares outstanding 5,000,000 5,000,000 Total shareholders' equity $63,000,000.00 $68,500,000.00 Net Income $6,940,402.49 $7,393,972.75 Based on the information given the Accounting Return on Equity for Blanc in 2019 is closest to: A. 7.60% О В. 11.25% О с. 3.50%
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