Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 9Q: Differentiate between an independent variable and a dependent variable and give an example of each.
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Question
Differentiate between ROE and ROIC.
Expert Solution
Step 1
Return on equity (ROE) is the returns produced by a company on its equity capital. It is expressed as the ratio of net profit to the equity capital.
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