CONNECT WITH LEARNSMART FOR BODIE: ESSE
CONNECT WITH LEARNSMART FOR BODIE: ESSE
11th Edition
ISBN: 2819440196246
Author: Bodie
Publisher: MCG
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Chapter 14, Problem 1CP
Summary Introduction

Adequate information:

  • Jones Group able to maintain stable after-tax return on equity (ROE) even though operating income is falling

Introduction:

In simple terms, Return on Equity is the determination of profitability of a company in relation to stockholder's equity. It can be calculated as Net Income /Equity

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