Question
For the fiscal year ended December 31, 2019, Gold Enterprises had Sales of $10,423,000; EBIT of $2,814,000; Net Income Before Tax of $1,978,000; Net Income
For the fiscal year ended December 31, 2019, Gold Enterprises had Sales of $10,423,000; EBIT of $2,814,000; Net Income Before Tax of $1,978,000; Net Income After Tax of $1,234,000; Interest Expense of $450,000; and Shareholders Equity of $13,456,000. What was the return on equity for 2019?
- A. 5.1%
- B. 9.2%
- C. 17.1%
- D. 25.1%
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
