Math question Help Needed


label Business
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

What is the return on equity if net income was $57,000, total assets are $112,000, EBIT was $99,000 and stockholders equity is $77,000. The return on equity is?

May 27th, 2015

return on equity =net profit/ equity *100

57000/17000

1:3

May 27th, 2015

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May 27th, 2015
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May 27th, 2015
Nov 24th, 2017
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