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10. The following table contains financial statement information for Izzy Corporation. Net Income Sales ($ millions) 2016 2017 Total Assets $105,000 $125,000 $10,000 $11,000 $95,000
10. The following table contains financial statement information for Izzy Corporation. Net Income Sales ($ millions) 2016 2017 Total Assets $105,000 $125,000 $10,000 $11,000 $95,000 $100,000 Equity $30,000 $31,000 Compute the return on equity (ROE) and return on assets (ROA) for 2017. a. 25.5% ROE, 10.0% ROA b. 31.9% ROE, 11.2% ROA C. 36.1% ROE, 9.6% ROA d. 37.2% ROE, 13.1% ROA
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