Multiple Choice
Use the following information for ECE incorporated:
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
-If ECE's return on assets (ROA) is 12% ,then ECE's return on equity (ROE) is:
A) 10%
B) 12%
C) 18%
D) 24%
Correct Answer:
Verified
Correct Answer:
Verified
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