What is the ROE for 2021? 2020 2021 Sales $5,300 $5,900 Depreciation 750 850 COGS 2400 2900 Interest 180 196 Cash 200 500 Accts Receivables 200 400 Notes Payable 800 550 Long-term debt 1500 1950 Net fixed assets 3000 3500 Accounts Payable 250 400 Inventory 700 900 Dividend payout 30% 30% Tax rate 35% 30%
What is the ROE for 2021?
2020 2021
Sales $5,300 $5,900
COGS 2400 2900
Interest 180 196
Cash 200 500
Accts Receivables 200 400
Notes Payable 800 550
Long-term debt 1500 1950
Net fixed assets 3000 3500
Accounts Payable 250 400
Inventory 700 900
Dividend payout 30% 30%
Tax rate 35% 30%
Return on Equity (ROE) is one of profitability ratio being used in business. This shows how much net income has been earned on average equity balance in the company.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
