Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE?a. 19.40%b.24.20%O c. 17.00%d. 17.40%e. 20.00%

ROE is return on the equity and that shows how much profit is earned by each shareholder of the…

Answered: Zero Corp's total common equity at the…

Zero Corp's total common equity at the end of last year was $350, O a. 19.40% O b. 24.20% O c. 17.00% O d. 17.40% e. 20.00%

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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Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE?
a. 19.40%
b.24.20%
O c. 17.00%
d. 17.40%
e. 20.00%

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