Question
Leefs Inc. reports the following information: 2019 Net income $435 Total equity $3,990 Total equity for 2018 was $4,120. What is the return on equity
Leefs Inc. reports the following information:
2019
Net income $435
Total equity $3,990
Total equity for 2018 was $4,120. What is the return on equity ratio in 2019?
10.90%
11.11%
9.67%
10.73%
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
12th Canadian edition
133133230, 978-0133133233
