2017 2016 Answer Amounts Amounts Answer 477% 800% Return Net Income 4,910 3,431 Total Equity on Equity (%) 1,030 429

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter3: Organizing And Financing A New Venture
Section: Chapter Questions
Problem 9DQ
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Comment on the changes between these two years.  What do the changes in ROE mean? What does such a high percentage mean?

2017
2016
Answer
Amounts
Amounts
Answer
Transcribed Image Text:2017 2016 Answer Amounts Amounts Answer
477%
800%
Return
Net Income
4,910
3,431
Total Equity
on Equity (%)
1,030
429
Transcribed Image Text:477% 800% Return Net Income 4,910 3,431 Total Equity on Equity (%) 1,030 429
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