Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
The return on equity will be 14.45 percent
Return on equity = .084 ×(1 + .72) = .1445, or 14.45 percent
Return on equity:
The ratio of a company's annual return (net income) to the value of all of its shareholders' equity, known as return on equity (ROE), is stated as a percentage (e.g., 12 percent ).
Because it combines the income statement and the balance sheet, where net income or profit is compared to shareholders' equity, return on equity is a two-part ratio in its derivation. The figure displays the firm's capacity to convert equity investments into profits and is the total return on equity capital. In other words, it calculates the profits for every dollar of shareholders' equity.
Know more about equity here:
https://brainly.com/question/13278063
#SPJ4
We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
