Answered
Katz reports total revenue of $245,600,cost of goods sold of $18,950 and net income of $121,000.Their total assets are $585,000 and total liabilities are $250,000.What is their return on equity (ROE) ?
A) 36.12%
B) 48.40%
C) 20.68%
D) 41.98%
On Sep 22, 2024