A company provided the following information: There was no change in contributed capital this year and there were no dividends declared in the current year.The return on equity ratio for the current year is closest to:

A)20.7%.
B)75%.
C)3.8%.
D)1.33%.

Question

A company provided the following information: There was no change in contributed capital this year and there were no dividends declared in the current year.The return on equity ratio for the current year is closest to:

A)20.7%. 
B)75%. 
C)3.8%. 
D)1.33%.

Quizplus · Accepted Answer

The Answer of A company provided the following information: There was no change in contributed capital this year and there were no dividends declared in the current year.The return on equity ratio for the current year is closest to:

A)20.7%. 
B)75%. 
C)3.8%. 
D)1.33%.

A Company Provided the Following Information: There Was No Change