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Two online magazine companies reported the following in their financial statements: BusinessWorld Fun and Games 2015 2014 2015 2014 Net income $ 112,000 $ 109,004
Two online magazine companies reported the following in their financial statements: |
BusinessWorld | Fun and Games | ||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||
Net income | $ | 112,000 | $ | 109,004 | $ | 93,420 | $ | 172,573 | |||||
Total stockholders' equity | 607,186 | 532,814 | 467,151 | 487,049 | |||||||||
Earnings per share | 3.60 | 3.59 | 2.50 | 4.38 | |||||||||
Stock price when annual results reported | 55.40 | 52.04 | 33.55 | 60.70 | |||||||||
Required: | ||||||||||||||
1-a. | Compute the 2015 ROE for each company. (Round your answers to 1 decimal place.)
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