andresjohnston309 andresjohnston309

24-11-2020
Business

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Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE

Respuesta :

PiaDeveau PiaDeveau

25-11-2020

Answer:

ROE = 20%

Explanation:

Given:

Common equity = $350,000

Net income = $70,000

Find:

ROE

Computation:

ROE = [Net income/Common equity]100

ROE = [$70,000/$350,000]100

ROE = 20%

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