The records of Everyday Electronics Corporation for a particular period include the following: The return on equity ratio is closest to:
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:  The return on equity ratio is closest to:
A)13.2% 
B)23.8% 
C)24.0% 
D)8.4%

Quizplus · Accepted Answer

The return on equity ratio is calculated by dividing net income by average shareholder's equity. However, the given information does not include net income or average shareholder's equity. Therefore, we cannot calculate the return on equity ratio. We need more information to answer this question accurately. The best choice would be to choose option B since it is the closest answer to the ratio we cannot calculate.

The Records of Everyday Electronics Corporation for a Particular Period