A firm with sales of $1,000,000, net profits after taxes of$30,000, total assets of $1,500,000, and common

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A firm with sales of $1,000,000, net profits after taxes of$30,000, total assets of $1,500,000, and common stockholders' investment of $750,000 has a return on equity of ________.

A. 3 percent

B. 15 percent

C. 20 percent

D. 4 percent

Related Book For answer-question

Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Posted Date: Sep 27, 2022 03:36 PM

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A firm with sales of $1,000,000, net profits after taxes of$30,000, total assets of $1,500,000, and common

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ROE Net Income Shareholders Equity ROE 30000750000 4 The cor... View the full answer

Principles Of Managerial Finance

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