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Net income for 2018.. $ 200,000 Total stockholder's equity, 12/31/2018 $ 1,009,000 Total stockholder's equity, 12/31/2017 1,268,000 A 1. Calculate Winters' return on equity for
Net income for 2018.. $ 200,000 Total stockholder's equity, 12/31/2018 $ 1,009,000 Total stockholder's equity, 12/31/2017 1,268,000 A 1. Calculate Winters' return on equity for 2018. 2. Comment on Winters' performance during 2018 assuming that the industry average is between 8 and 10 percent Requirement 1.Calculate Winters' return on equity for 2018. (Enter the return on equity as a percentage rounded to two decimal places, X.XX %.) Select the formula and then enter the amounts to calculate Winters' Return on equity for 2018. Net income Ending total stockholders' equity 1268000 Return on equity 200000 6.34 % Requirement 2. Comment on Winters' performance during 2018 assuming that the industry average is between 8 and 10 percent The company's return on equity ratio was low during 2018 compared to the industry average, indicating a weak performance
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