Question
In 2014, a firm had $37,002 in owners' equity (OE) and had $85,698 of OE in 2015. The same firm had a net income of
In 2014, a firm had $37,002 in owners' equity (OE) and had $85,698 of OE in 2015. The same firm had a net income of $12,696 in 2015. What's the ROE for this firm?
A. 8 Percent B. 14.81 percent C. 16 percent D. 17.40 percent
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
