Calculate the firm return on equity

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Reference no: EM131585895

Earth’s Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $10,000, and the following balance sheet: Cash $ 10,000 Accounts payable $ 30,000 Receivables 50,000 Other current liabilities 20,000 Inventories 150,000 Long-term debt 50,000 Net fixed assets 90,000 Common equity 200,000 Total assets $300,000 Total liabilities and equity $300,000 Calculate the firm’s Return on Equity.

Reference no: EM131585895

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