Question

The return on assets = 5.5%, Total assets $3,000 and common equity is $1,050 then the return on equity would be

a.

22275

b.

0.1571

c.

0.01925

d.

1.925 times

Answer: (b).0.1571

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Q. The return on assets = 5.5%, Total assets $3,000 and common equity is $1,050 then the return on equity would be

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