Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Return on assets = 5.5%, Total assets $3,000 and common equity $1,050 then return on equity would be_________?

Return on assets = 5.5%, Total assets $3,000 and common equity $1,050 then return on equity would be_________?

A. $22,275
B. 15.71%(Correct)
C. 1.93%
D. 1.925 times