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Using the financial statements above, this company's ROE for 2014 is _________. ( HINT : since you are using the Income Statement and the Balance
Using the financial statements above, this company's ROE for 2014 is _________. (HINT: since you are using the Income Statement and the Balance Sheet, what extra step do you need to take)
Income Statement 2014 (in millions) Sales Cost of Goods Sold Depreciation Gross Profit SG&A EBIT Interest Expense EBT Taxes @32% Net Income $ $ $ $ $ $ $ $ 'S S 8,794 5,234 527 3,033 1.968 1,065 650 415 133 282 Balance Sheets (in Millions) Cash Accounts Receivables Inventory Total Current Assets Net Fixed Assets Total Assets $ $ $ $ s $ 2014 35 $ 578 $ 775 S 1,388 $ 2.142 S 3,530 $ 2013 41 612 521 1.174 1,673 2.847 Accounts Payable Short-Term Loans Total Current Liabilities Long Term Loans Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities & Equity S nunununun 315 5 485 S 800 $ 1,383 $ 2.183 $ 175 $ 1,172 S 1,347 S 3,530 S 275 425 700 874 1,574 175 1,098 1,273 2.847Step by Step Solution
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