The records of Everyday Electronics Corporation for a particular period include the following: $$\begin{array} { l r }
\text { Average total assets } & \$ 760,000 \
\text { Average total liabilities } & 485,000 \
\text { Total revenue } & 200,500 \
\text { Total expenses (including income tax) } & 135,000
\end{array}$$ What is the return on equity ratio?
A)13.2%.
B)23.8%.
C)24.0%.
D)8.4%.

Question

The records of Everyday Electronics Corporation for a particular period include the following: $$\begin{array} { l r } 
\text { Average total assets } & \$ 760,000 \
\text { Average total liabilities } & 485,000 \
\text { Total revenue } & 200,500 \
\text { Total expenses (including income tax) } & 135,000
\end{array}$$ What is the return on equity ratio?
A)13.2%.
B)23.8%.
C)24.0%.
D)8.4%.

Quizplus · Accepted Answer

The Answer of The records of Everyday Electronics Corporation for a particular period include the following: $$\begin{array} { l r } 
\text { Average total assets } & \$ 760,000 \
\text { Average total liabilities } & 485,000 \
\text { Total revenue } & 200,500 \
\text { Total expenses (including income tax) } & 135,000
\end{array}$$ What is the return on equity ratio?
A)13.2%.
B)23.8%.
C)24.0%.
D)8.4%.

The Records of Everyday Electronics Corporation for a Particular Period