ABC Ltd. has a net income of $200,000 and its shareholders' equity at the beginning of the
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ABC Ltd. has a net income of $200,000 and its shareholders' equity at the beginning of the year was $1,500,000. The company paid out $30,000 in dividends to shareholders during the year. At the end of the year, the company's shareholders' equity was $1,800,000. Calculate the company's return on equity (ROE) for the year.
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
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