The return on assets = 5.5%, Total assets $3,000 and common equity is $1,050 then the return on equity would be _________?

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A0.01925

B0.1571

C22275

D1.925 times

Correct answer

B. 0.1571

Explanation

0.1571 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

The return on assets = 5.5%, Total assets $3,000 and common equity is $1,050 then the return on equity would be _________? - Answer and Explanation | Academy of Pakistan