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Snapchat has a return on equity of 65.33%. The industry average is 21.50%. Snapchat's nearest competitor, Facebook, has a return on equity of 23.55%. Based

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Snapchat has a return on equity of 65.33%. The industry average is 21.50%. Snapchat's nearest competitor, Facebook, has a return on equity of 23.55%. Based on this information, which of the following could be true? Snapchat is terrible at generating sales from its equity. Snapchat might have a debt problem given the magnitude of its ROE. Snapchat is really good at turning its sales into net income. None of the alove

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