tion 8 Not yet answered Marked out of 2.00 P Flag question year-end financial statements of Time Company reveal average shareholders' equity attributable to cont usand, net income attributable to the company of $29,068 thousand, and average net operating assets of = company's return on equity (ROE) for the year is: ect one: a. 5.5% O b. There is not enough information to calculate the ratio. c. 9.0% O d.3.8%

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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Question 8 Not yet answered
Marked out of 2.00
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The
year-end financial statements of Time Company reveal average shareholders' equity attributable to controlling interest of $1,255,925 thousand, net operating profit after tax of $48,032
thousand, net income attributable to the company of $29,068 thousand, and average net operating assets of $531,621 thousand.
The company's return on equity (ROE) for the year is:
Select one:
a. 5.5%
b. There is not enough information to calculate the ratio.
C. 9.0%
d. 3.8%
e. 2.3%
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Transcribed Image Text:Question 8 Not yet answered Marked out of 2.00 P Flag question The year-end financial statements of Time Company reveal average shareholders' equity attributable to controlling interest of $1,255,925 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the company of $29,068 thousand, and average net operating assets of $531,621 thousand. The company's return on equity (ROE) for the year is: Select one: a. 5.5% b. There is not enough information to calculate the ratio. C. 9.0% d. 3.8% e. 2.3% O Previous A Save Answers Next O MacBook Air 20 F3 888 12 esc F1 F10 F4 F5 F6 F7 F8 F10 %23 * 2 3 4. 5 6 00 9- Q Y. D F G K R
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