14. Financial Statement Analysis
Ratios: Return on Equity (ROE)
Multiple Choice
Multiple ChoiceXYZ Company had net sales during the period of $380,000 and net income of $60,000. If total equity was $480,000 at the beginning of the period and $720,000 at the end of the period, what is the company's ROE?
A
8%
B
10%
C
13%
D
63%
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