Calculate the 2009 return on equity (ROE) of a stable company using the following data: A. 10.0%
Question:
Calculate the 2009 return on equity (ROE) of a stable company using the following data:
A. 10.0%
B. 13.3%
C. 16.7%
Transcribed Image Text:
Total sales 2,500,000 Net income 2,000,000 Beginning of year total assets 50,000,000 Beginning of year total liabilities 35,000,000 Number of shares outstanding at the end of 2009 1,000,000 Price per share at the end of 2009 20
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B is correct A companys ROE is calculated as NI ...View the full answer
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Related Book For
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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