Multiple Choice
The following comes from Simon Company's year-end financial statements: Sales $250,000, Cost of goods sold $100,000, Net income $12,500, Total assets $187,500 and Total liabilities $67,500.The return on equity (ROE) for the year is closest to?
A) 6.6%
B) 10.4%
C) 133.3%
D) 208.3%
Correct Answer:
Verified
Correct Answer:
Verified
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