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Selected fiscal year balance sheet and income statement information for a fast-food chain, Cluck-in-a Bucket, Corp. follows ($ millions). 2017 Net Operating Profit After Tax
Selected fiscal year balance sheet and income statement information for a fast-food chain, Cluck-in-a Bucket, Corp. follows ($ millions). 2017 Net Operating Profit After Tax 2017 Net Operating Assets 2017 Net Income $8,664 2016 Net Operating Assets 2017 Sales Company Cluck-in-a-Bucket 2017 Stock- holders' Equity $36,182 2016 Stock- holders' Equity $38,579 $38,826 $8,487 $21,157 $19,092 Compute the 2017 return on equity (ROE). a. 23.95% b. 22.70% C. 23.18% d. 23.46%
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