Explain why the return-on-equity ratio is so much less, Accounting Basics

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Explain why the return-on-equity ratio is so much less

Acme Transportation Company has the following ratios compared to its industry for 2009.

Acme Transportation Industry
Return on assets.................... 9% 6%
Return on equity..................... 12% 24%
Explain why the return-on-equity ratio is so much less favorable than the return-on-assets ratio compared to the industry. No numbers are necessary; a one-sentence answer is all that is required.*

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Accounting Basics: Explain why the return-on-equity ratio is so much less

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Q : Explain why the return-on-equity ratio is so much less

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Accounting Basics: Explain why the return-on-equity ratio is so much less

Reference No:- TGS0709921

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the total bond interest expense

Q : Determine the magnitude of that velocity

Q : Does the volume increase or decrease and by what percent

Q : Find out the amount of thermal energy absorbed

Q : Explain why the return-on-equity ratio is so much less

Q : What amount of net cash flow from operating

Q : Calculate the new pressure of the gas

Q : What is the expected cost of rent in september

Q : Pressure exerted by the floor over the area of contact

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain why the return-on-equity ratio is so much less

Reference No:- TGS0709921

Recent Questions Asked Accounting Basics

Q : Determine the total bond interest expense

Q : Determine the magnitude of that velocity

Q : Does the volume increase or decrease and by what percent

Q : Find out the amount of thermal energy absorbed

Q : Explain why the return-on-equity ratio is so much less

Q : What amount of net cash flow from operating

Q : Calculate the new pressure of the gas

Q : What is the expected cost of rent in september

Q : Pressure exerted by the floor over the area of contact

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