Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?
A) 36.12%
B) 48.40%
C) 20.68%
D) 41.98%
Answer: A
Business
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Which of the following is a disadvantage of using temporary and contract workers?
A) The workers may not be committed to organization. B) It cannot eliminate labor shortage. C) It is difficult to obtain labor on contract. D) It would result in increased costs. E) They invariably need to be paid more than permanent employees.
Business
Matthew Company issued 10-year, 7% bonds (paying semiannual interest) with a par value of $100,000. The market rate of interest when the bonds were issued was 6%. Compute the price of the bonds when they were issued.
A) $107,360.70 B) $93,206.05 C) $107,441.25 D) $93,290.70 E) $107,018.80
Business