4. X company reports total revenue of $345,600, cost of goods sold of $21,950 and net income of $111,000. Their total assets are $885,000 and total liabilities are $150,000. What is their return on equity (ROE)? A) 15.10% B) 48.40% C) 20.68% D) 41.98% Answer: A ROE= Net Income Average Shareholder Equity

4. X company reports total revenue of $345,600, cost of goods sold of $21,950 and net income of $111,000. Their total assets are $885,000 and total liabilities are $150,000. What is their return on equity (ROE)? A) 15.10% B) 48.40% C) 20.68% D) 41.98% ROE=AverageShareholderEquityNetIncome