Use the information above to answer the following question.Which of the following is closest to the company's return on equity (ROE)ratio for the current year?
A)60.61%
B)151%
C)50.42%
D)80.81%

Question

Quizplus · Accepted Answer

The return on equity (ROE) ratio is calculated by dividing net income by shareholder's equity. Without specific figures provided, the choice closest to a typical ROE range is 60.61%, as 151% and 80.81% are unusually high for most companies.

Use the Information Above to Answer the Following Question