Question

Nadine enterprises have total assets of $240,000, a debt-qeuity ratio of 0.60 and a return on assets of 9%. what is the return on equity

Answer 1

Nadine enterprises have total assets of $240,000, a debt-equity ratio of 0.60, and a return on assets of 9%. The return on equity is 14.4%.

What does "return on equity" mean?

The return on equity is a metric used to determine how profitable a company is in comparison to its equity.

ROE may also be viewed as a return on assets fewer liabilities because shareholder's equity can be computed by adding up all assets and deducting all liabilities.

The company's ability to generate returns on the investments it has received from its shareholders is measured by its return on equity.

Description: Return on Equity is calculated mathematically as Net Income or Profits/Equity.

To learn more about  return on equity, refer to the following link:

brainly.com/question/26849182

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