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Return on equity for 2 0 0 6 is: 2 0 0 5 2 0 0 4 Operating assets $ 1 0 , 5 0

Return on equity for 2006 is:
20052004
Operating assets $10,500 $10,000
Short-term debt 1,0001,000
Long-term-debt 3,5003,000
Minority interest 500450
Common equity 5,5005,000
Operating income 1,350
Interest expense 350
Tax expense (40%)400
Minority interest 50
Net income 550
Assume all assets are operating assets; all current liabilities are operating liabilities.
Question 4 options:
20.41%
19.75%
17.54%
18.12%

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