Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000.

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Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?

A) 36.12%

B) 48.40%

C) 20.68%

D) 41.98%

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt , Eugene F. Brigham

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Posted Date: Oct 18, 2020 08:16 AM

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Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000.

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Expert Answer:

Answer 3612 Explanation The ROE can be calculated by dividin... View the full answer

Corporate Finance A Focused Approach

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