The return on equity ratio equals net income divided by common stock. True or False

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 7DQ
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The return on equity ratio equals net income divided by common stock.

True or False

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