Question
Ringo Bank has a profit after taxes of $3.0 million, total assets of $300 million, and shareholder's equity of $30 million. Ringo's return on equity
Ringo Bank has a profit after taxes of $3.0 million, total assets of $300 million, and shareholder's equity of $30 million. Ringo's return on equity (ROE) is ____ percent.
| a. | 1.0 |
| b. | 10.0 |
| c. | 3.0 |
| d. | none of the above |
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Enron And World Finance A Case Study In Ethics
Authors: P. Dembinski, C. Lager, A. Cornford, J. Bonvin
1st Edition
1403947635, 978-1403947635
