Jetform Corporation traded at a price-to-book ratio of 1.01 in May 1999. 1ts most recently reported ROCE

Question:

Jetform traded at a price-to-book ratio of 1.01 in May 1999. 1ts most recently reported ROCE was 10.1 percent, and it is deemed to have a required equity return of 10 percent. What is your best guess as to the ROCE expected for the next fiscal year?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...