$$\begin{array} { l r r }
& \underline { 2006 } & \underline { 2005 } \
\text { Current assets } & \$ 4,650 & \$ 4,730 \
\text { Long-term assets } & 7,120 & 6,450 \
\text { Current liabilities } & 1,440 & 1,340 \
\text { Long-term debt } & 3,830 & 3,760 \
\text { Common equity } & 6,500 & 6,080 \
& & \
\text { Operating income } & 2,140 & \
\text { Interest expense } & 240 & \
\text { Tax expense } ( 40 \% ) & 760 & \
\text { Net income } & 1,140 &
\end{array}$$
Assume all assets are operating assets; all current liabilities are operating liabilities.
-Return on equity for 2006 is:

Question

$$\begin{array} { l r r } 
& \underline { 2006 } & \underline { 2005 } \
\text { Current assets } & \$ 4,650 & \$ 4,730 \
\text { Long-term assets } & 7,120 & 6,450 \
\text { Current liabilities } & 1,440 & 1,340 \
\text { Long-term debt } & 3,830 & 3,760 \
\text { Common equity } & 6,500 & 6,080 \
& & \
\text { Operating income } & 2,140 & \
\text { Interest expense } & 240 & \
\text { Tax expense } ( 40 \% ) & 760 & \
\text { Net income } & 1,140 &
\end{array}$$
Assume all assets are operating assets; all current liabilities are operating liabilities. 
-Return on equity for 2006 is:

Quizplus · Accepted Answer

The Answer of $$\begin{array} { l r r } 
& \underline { 2006 } & \underline { 2005 } \
\text { Current assets } & \$ 4,650 & \$ 4,730 \
\text { Long-term assets } & 7,120 & 6,450 \
\text { Current liabilities } & 1,440 & 1,340 \
\text { Long-term debt } & 3,830 & 3,760 \
\text { Common equity } & 6,500 & 6,080 \
& & \
\text { Operating income } & 2,140 & \
\text { Interest expense } & 240 & \
\text { Tax expense } ( 40 \% ) & 760 & \
\text { Net income } & 1,140 &
\end{array}$$
Assume all assets are operating assets; all current liabilities are operating liabilities. 
-Return on equity for 2006 is:

Assume All Assets Are Operating Assets; All Current Liabilities Are