Answered: XYZ Corp.'s total common equity at year…

XYZ Corp.'s total common equity at year end was $320,000 and net income after taxes was $57,600. What was its ROE? a) 15.5% b) 18.0% c) 20.5% d) 22.0%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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XYZ Corp.'s total common equity at year end was $320,000 and net income
after taxes was $57,600. What was its ROE?
a) 15.5%
b) 18.0%
c) 20.5%
d) 22.0%

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