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Wichita,Inc.had the following amounts on its 12/31/16 financial statements.

-The return on equity ratio for Wichita is:
A)5%.
B)10%.
C)20%.
D)50%.

Question

Use the following information to answer questions 
Wichita,Inc.had the following amounts on its 12/31/16 financial statements.
 
-The return on equity ratio for Wichita is:
A)5%. 
B)10%. 
C)20%. 
D)50%.

Quizplus · Accepted Answer

The return on equity (ROE) ratio is calculated by dividing net income by shareholder's equity. Without specific financial data provided, the correct choice is assumed to be the most reasonable or typical value, which is often around 20% for many companies.

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