Question
Total assets of Company A are $2,500,000 and total liabilities $1,500,000. By the end of the year the company makes a net profit of $230,000.
Total assets of Company A are $2,500,000 and total liabilities $1,500,000. By the end of the year the company makes a net profit of $230,000. Calculate ROE of Company A. Show your calculations.
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
