If a company’s net income is $120,000 and its total equity is $800,000, what is the return on equity (ROE)?

A) 12%
B) 15%
C) 10%
D) 20%

Question

12-07-2024
Business

Answered

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If a company’s net income is $120,000 and its total equity is $800,000, what is the return on equity (ROE)?

A) 12%
B) 15%
C) 10%
D) 20%

Sagot :

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