Question
A company has the following information: Return on Assets = 0.12 Total liabilities = $281,914 Total Equity = $181,068 Calculate the companys return on equity
A company has the following information:
Return on Assets = 0.12
Total liabilities = $281,914
Total Equity = $181,068
Calculate the companys return on equity
the answer is 0.31 but I don't know how to do the working.
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
