PRACTICE QUESTION#11 Given the following Year 12 Financial Statement data for a footwear company:
59,000
Total Shareholder Equity 160,000 +29,000 189,000
Based on the above figures, the company’s ROE in Year 12 was
- 42.3%.
- 14.0%.
- 28.1%.
- 25.9%.
- None of these.
The answer seems 3, but I do not know how I can get that answer. Please indicate how I can get that answer.
