Question: Computing Return on Equity In a recent year, Adobe Inc. reports net income of $ 4 , 7 5 6 million. Its stockholders' equity is

Computing Return on Equity
In a recent year, Adobe Inc. reports net income of $4,756 million. Its stockholders' equity is $14,051 million and $14,797 million at the start and end of the fiscal year, respectively.
a. Compute its return on equity (ROE) for the year. Round answers to the nearest whole dollar amount.
\table[[,Numerator,Denominator,Result,],[Return on equity,$,$,0,%
Computing Return on Equity In a recent year, Adobe Inc. reports

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Computing Return on Equity In a recent year, Adobe Inc. reports net income of $ 5 , 9 0 7 million. Its stockholders' equity, is $ 1 6 , 8 6 1 million and $ 1 7 , 7 5 6 million at the start and end of...

Q:

Computing Return on Equity In a recent year, Adobe Inc. reports net income of $ 1 1 , 6 6 3 million. Its stockholders' equity is $ 3 0 , 9 1 2 million and $ 3 2 , 5 5 3 million at the start and end...

Q:

In a recent year, Adobe Inc. reports net income of $ 1 0 , 5 1 2 million. Its stockholders equity is $ 2 8 , 1 0 2 million and $ 2 9 , 5 9 4 million at the start and end of the fiscal year,...

Q:

In a recent year, Adobe Inc. reports net income of $ 4 , 7 5 6 million. Its stockholders' equity is $ 1 4 , 0 5 1 million and $ 1 4 , 7 9 7 million at the start and end of the fiscal year,...

Q:

In a recent year, Welton Group reports net income of $ 2 , 0 7 8 million. Its stockholders equity is $ 7 , 0 2 6 million and $ 7 , 3 9 9 million at the start and end of the fiscal year,...

Q:

Newman Corporation purchases an investment in Paul, Inc. at a purchase price of $6 million cash, representing 25% of the book value of Paul, Inc. Newman is an influential investor. During the year,...

Q:

Required: Answer the following questions (No Journal Entries) What is the year-end balance of the equity investment account? What amount of equity earnings would be reported by Newman Corporation?...

Q:

What is the year-end balance of the equity investment account? What amount of equity earnings would be reported by Newman Corporation? How are dividends treated in equity method accounting? What...

Q:

Newman Corporation purchases an investment in Paul, Inc. at a purchase price of $6 million cash, representing 25% of the book value of Paul, Inc. During the year, Paul, Inc. reports net income of...

Q:

I need to identify the Industry by matching 10 companies to the respective industry utilizing exhibit 2, 3 & 4 with an explanation of my rationale. Please see below.. Thanks for the assistance....

Q:

In Western Australia, handheld cell phone use while driving has been banned since 2001, but hands-free devices are legal. A study (published in the British Medical Journal in 2005) of 456 drivers in...

Q:

biscerion method, a=0 and b = 2. Q1. Do three iteration of the applied to f(x) = x2 using Q2. For each of the following listed below, find the rest to an accuracy accuracy of Ea=91 a. f(x) = x - 5x ,...

Q:

If the actual amount of manufacturing ( or factory ) overhead cost incurred exceeds the amount applied, it indicates that the manufacturing overhead account is:

Q:

Need help with this problem only with blank answer areas please questions 12,13,16,17,18. Thanks The City ofCastleton's General Fund had the following post-closing trial balance at June 30, 2022. the...

Q:

It wasnt worthwhile mentioning it. No one would listen to me anyway.

Q:

Are your feedback systems designed to capture primarily compliments or complaints?

Q:

Th eyll ask me for my PIN number, and I cant remember which one it is. I have dozens of account numbers.