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XYZ Corporation has sales of $5,000,000, net profits after taxes of $200,000, total assets of $4,000,000, and total liabilities of $2,500,000. What is XYZ Corporation's return on equity? a. 10 percent b. 13.33 percent c. 4 percent d. 5 percent

XYZ Corporation has sales of $5,000,000, net profits after taxes of $200,000, total assets of $4,000,000, and total liabilities of $2,500,000. What is XYZ Corporation's return on equity? a. 10 percent b. 13.33 percent c. 4 percent d. 5 percent

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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XYZ Corporation has sales of $5,000,000, net profits after taxes of $200,000, total assets of $4,000,000, and total liabilities of $2,500,000. What is XYZ Corporation's return on equity? a. 10 percent b. 13.33 percent c. 4 percent d. 5 percent
Transcribed Image Text:XYZ Corporation has sales of $5,000,000, net profits after taxes of $200,000, total assets of $4,000,000, and total liabilities of $2,500,000. What is XYZ Corporation's return on equity? a. 10 percent b. 13.33 percent c. 4 percent d. 5 percent
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