Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

Which one of the ratios of the return on equity is the best with the explanation? Return on Equity (ROE) for the years 2019 -

Which one of the ratios of the return on equity is the best with the explanation? image text in transcribed

Return on Equity (ROE) for the years 2019 - 2020: Return on Equity (ROE) = (Net income / Shareholders' Equity) * 100 year Net income Shareholders' Equity Return on Equity 2019 5,622,760 76,557,931 7.3% 2020 956,941 73,644,872 1.2%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen and Peter Brewer

14th edition

978-007811100, 78111005, 978-0078111006

Students also viewed these Accounting questions

Question

★★★★★

What important information is missing from each of the following references? a.* Personal communication, 2010. b. Business Week, p. 80. c. Basic Business Communication (Burr Ridge, Ill.: Richard D....

Answered: 1 week ago

Question

★★★★★

True or false? Post hoc comparisons made with LSD procedures are usually reserved for unplanned comparisons.

Answered: 1 week ago

Question

★★★★★

Compute upper and lower bounds of the reliability function (using Method 2) for the systems given in Exercise 4, and compare them with the exact values when pi 1 2 .

Answered: 1 week ago

Question

★★★★★

Enrique Rodrigues has $54,300 this year, as represented by point A. He has the opportunity to make an investment in productive assets represented by point B in the following figure. He wants to...

Answered: 1 week ago

Question

★★★★★

Using Be Prepared, Inc.s adjusted trial balance and prior periods balance sheet, prepare the following Financial Reports in good form using Microsoft Excel or Microsoft Word: Multi-Step Income...

Answered: 1 week ago

Question

★★★★★

5. (20 points) In a transmission line, the voltage and current phasors at any position : on the line are given as: V(z) = 5e-10.22 + 3ejo.22 i(z) = 0.1e-0.27 -0.06e/0.22 a) Find the characteristic...

Answered: 1 week ago

Question

★★★★★

Imagine that the CIO of Cool Air Inc., a ceiling fan company where you have recently been hired as an accountant, has asked you to recommend and justify an appropriate cost accounting system. This is...

Answered: 1 week ago

Question

★★★★★

General Shaud describes this staff attribute as understanding what must be done and doing it, "making it happen", learning the organizational structure, not avoiding tough coordination, learning what...

Answered: 1 week ago

Question

★★★★★

21. It is now believed that protons and neutrons are themselves built out of more elementary particles called quarks. A proton and a neutron consists of three quarks each. Two types of quarks, the so...

Answered: 1 week ago

Question

★★★★★

statistic For this project I'm giving you a fair amount of freedom to work the project as you see fit. The idea is to compare the pricing of white T-shirts for men and women. I've started you off by...

Answered: 1 week ago

Question

★★★★★

23. A simple pendulum consists of a small sphere of mass, m suspended by a thread of length, L. The sphere carries a positive charge, q. The pendulum is placed in a uniform electric field, E directed...

Answered: 1 week ago

Question

★★★★★

What is the strategic importance of the selection function for an organization?

Answered: 1 week ago

Question

★★★★★

How would you go about designing a selection process for the Pacific Rim operations from scratch?

Answered: 1 week ago

Question

★★★★★

Is it important to have similar hiring processes for different regions of the same company? Why or why not?

Answered: 1 week ago

Previous Question Next Question