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The records of Everyday Electronics Corporation for a particular period include the following: Average total assets $755,000 Average total liabilities 480,000 Total revenue 199,500 Total
The records of Everyday Electronics Corporation for a particular period include the following:
Average total assets | $755,000 |
Average total liabilities | 480,000 |
Total revenue | 199,500 |
Total expenses (including income tax) | 134,500 |
|
The return on equity ratio is closest to:
a. 8.61%.
b. 13.54%.
c. 5.26%.
d. 23.64%.
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