Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31,2015 and 2014,financial statements are presented below:

-TPX Company's 2015 return on equity is:
A)16.7%.
B)15.0%.
C)15.8%.
D)21.4%.

Question

Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31,2015 and 2014,financial statements are presented below:
 
-TPX Company's 2015 return on equity is:
A)16.7%. 
B)15.0%. 
C)15.8%. 
D)21.4%.

Quizplus · Accepted Answer

Return on Equity (ROE) = Net Income / Average Shareholders' Equity 
ROE for TPX Company in 2015 = (11,265 / ((231,070 + 211,556) / 2)) * 100 
ROE = 15.8%

Use the Following Information to Answer the Next Ten Questions