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The following information was drawn from the accounting records of Jones Company. Net sales $ 400,000 Net income 50,000 Average total assets 500,000 Average total
The following information was drawn from the accounting records of Jones Company.
Net sales | $ 400,000 |
Net income | 50,000 |
Average total assets | 500,000 |
Average total liabilities | 300,000 |
Average total stockholders' equity | 200,000 |
Based on this information the company's return on equity is
The answer cannot be determined from the information provided.
10.0%.
12.5%.
25.0%.
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