Gary incorporateds total common equity at the end of last


Gary Incorporated's total common equity at the end of last year was $405,000 and its net income was $70,000. What was its ROE?

a. 14.82%
b. 15.60%
c. 16.42%
d. 17.28%
e. 18.15%

 

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Gary incorporateds total common equity at the end of last
Reference No:- TGS0595928

Expected delivery within 24 Hours