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viktelen [127]
3 years ago
12

Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE

Business
1 answer:
Arturiano [62]3 years ago
5 0

Answer:

ROE = 20%

Explanation:

Given:

Common equity = $350,000

Net income = $70,000

Find:

ROE

Computation:

ROE = [Net income/Common equity]100

ROE = [$70,000/$350,000]100

ROE = 20%

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<h3>What is adaptive task performance.?</h3>

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Answer:

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