The Davis Company reported net income of $60,000 on sales of $300,000.The company has total assets of $500,000 and total liabilities of $100,000.What is the company's return on equity ratio?
A)10.0%
B)12.5%
C)15.0%
D)20.0%

Question

Quizplus · Accepted Answer

The Answer of The Davis Company reported net income of $60,000 on sales of $300,000.The company has total assets of $500,000 and total liabilities of $100,000.What is the company's return on equity ratio?
A)10.0%
B)12.5%
C)15.0%
D)20.0%

The Davis Company Reported Net Income of $60,000 on Sales