7. Zara Co. has a total common equity at the end of last year of $810,000 and its net income was $140,000. What was its ROE? *

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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7. Zara Co. has a total common equity at the end of last year of $810,000
and its net income was $140,000. What was its ROE? *
O a) 14.82%
O b) 15.60%
O c) 16.42%
O d) 17.28%
e) None of the above
bar
0 stocks outstanding and its net income was
Transcribed Image Text:7. Zara Co. has a total common equity at the end of last year of $810,000 and its net income was $140,000. What was its ROE? * O a) 14.82% O b) 15.60% O c) 16.42% O d) 17.28% e) None of the above bar 0 stocks outstanding and its net income was
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