GAAP Ltd has total assets of $2 575 000, sales of $5 950 000, total liabilities of $1 855 062 and a net profit margin of 2.9%.What is GAAP's return on equity? Round to the nearest 0.1%.

Question

Quizplus · Accepted Answer

The Answer of GAAP Ltd has total assets of $2 575 000, sales of $5 950 000, total liabilities of $1 855 062 and a net profit margin of 2.9%.What is GAAP's return on equity? Round to the nearest 0.1%.

GAAP Ltd Has Total Assets of $2 575 000, Sales