The information below was extracted from the most recent financial statements of Milton Technologies (in millions, except for stock price):

-Use the information above to answer the following question.What is the company's return on equity (ROE)for the current year?
A) 39.3%
B) 21.7%
C) 37.1%
D) 36.3%

Question

The information below was extracted from the most recent financial statements of Milton Technologies (in millions, except for stock price):
 
-Use the information above to answer the following question.What is the company's return on equity (ROE)for the current year?
A) 39.3% 
B) 21.7% 
C) 37.1% 
D) 36.3%

Quizplus · Accepted Answer

ROE = Net Income / Shareholders' Equity
From the financial statements:
Net Income = $77
Shareholders' Equity = $207
ROE = 77/207 = 0.371 = 37.1%

The Information Below Was Extracted from the Most Recent Financial