PRACTICE QUESTION#11 Given the following Year 12 Financial Statement data for a footwear company:


Total Shareholder Equity 160,000 +29,000 189,000

Based on the above figures, the company’s ROE in Year 12 was

  1. 42.3%.
  2. 14.0%.
  3. 28.1%.
  4. 25.9%.
  5. None of these.

The answer seems 3, but I do not know how I can get that answer. Please indicate how I can get that answer.

"Do you need a similar assignment done for you from scratch? We have qualified writers to help you with a guaranteed plagiarism-free A+ quality paper. Discount Code: SUPER50!"
Assignment Writers