A firm has total revenues of ($187,500,) net income of ($15,000,) total current liabilities of ($50,000,) total
Question:
A firm has total revenues of \($187,500,\) net income of \($15,000,\) total current liabilities of \($50,000,\) total common equity of \($75,000,\) and total assets of \($150,000\).
What is the firm’s ROE?
a. 15%
b. 20%
c. 24%
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Related Book For 
Fundamentals Of Investing
ISBN: 9781292153988
13th Global Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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