A company has income before taxes of $100,000. Net sales are $400,000 and gross profit is $300,000. What is the ROE, assuming the company has a 40% tax rate, and average common equity was $900,000?
Master Ratios: Return on Equity (ROE) with a bite sized video explanation from Brian KrogolStart learning
© 1996–2023 Pearson All rights reserved.