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Determine what roe for the year ended december was

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Reference no: EM132733110

The following information was available for the year ended December 31, 2019:

Sales $300,000

Net income 50,000

Average total assets 750,000

Average total stockholders' equity 500,000

Problem 1: ROE for the year ended December 31, 2019 was:

Multiple Choice

Option 1: 20.0%

Option 2: 10.0%

Option 3: 6.7%

Option 4: 16.7%

Reference no: EM132733110

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