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Sagot :
The return on equity is 11.37%.
What does an equity means?
- The value that would be restored to a company's shareholders if all of its assets were sold and all of its obligations were settled is known as equity.
- We can also think of equity as the amount of ownership that remains in a company or asset after all debts related to that asset have been paid off.
Net income = $3,300 x 0.06 = $198
Total debt ratio = 0.42 = ($3,000 - total equity)/$3,000
Total equity = $1740
Return on equity = $198/$1740
= 0.1137 or 11.37%
Learn more about equity brainly.com/question/2254380
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