Q1:

Assets $200 million

Shareholder Equity $100 million

Sales $300 million

Net Income $15 million

Interest Expense $2 million

If ECE's net profit margin is 8%, then ECE's return on equity (ROE) is:

A. 24%

B. 10%

C. 12%

D. 30%

Q2:

If ECE's return on assets (ROA) is 12%, then ECE's return on equity (ROE) is: 12%, 10%, 22% or 18%?

Q3:

If ECE reported $15 million in net income, then ECE's Return on Equity (ROE) is:

A. 15.0%

B. 5.0%

C. 10.0%

D. 7.5%

**The answer regardless of the other info is 15% right? I think there was a typo in the work, but its all 15% right? even when i dont have the option? emailing instructor about it!*