XYZ Corporation has sales of $5,000,000, net profits after taxes of $200,000, total assets of $4,000,000, and total liabilities of $2,500,000. What is XYZ Corporation's return on equity? a. 10 percent b. 13.33 percent c. 4 percent d. 5 percent

XYZ Corporation has sales of $5,000,000, net profits after taxes of $200,000, total assets of $4,000,000, and total liabilities of $2,500,000. What is XYZ Corporation's return on equity? a. 10 percent b. 13.33 percent c. 4 percent d. 5 percent

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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need answer of this question provide correct option with calculation

XYZ Corporation has sales of $5,000,000, net profits after taxes of
$200,000, total assets of $4,000,000, and total liabilities of $2,500,000.
What is XYZ Corporation's return on equity?
a. 10 percent
b. 13.33 percent
c. 4 percent
d. 5 percent

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