If Turnpoint Inc. has net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000, what is their ROE?
A)Between 13-14%
B)Between 10-11%
C)Between 14-15%
D)None of the options

Question

Quizplus · Accepted Answer

The Answer of If Turnpoint Inc. has net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000, what is their ROE?
A)Between 13-14%
B)Between 10-11%
C)Between 14-15%
D)None of the options