Company X Has Net Sales Revenue of $1,250,000,cost of Goods

question 92

Multiple Choice

Company X has net sales revenue of $1,250,000,cost of goods sold of $760,000,and all other expenses of $290,000.The beginning balance of stockholders' equity is $400,000 and the beginning balance of fixed assets is $361,000.The ending balance of stockholders' equity is $600,000 and the ending balance of fixed assets is $389,000.The return on equity (ROE) ratio is closest to:

• A)0.53.
• B)2.50.
• C)3.33.
• D)0.40.

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Employer

An individual or organization that hires and pays people to perform work or provide services.

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A reference in U.S. legal doctrine, particularly in the context of tort law, to the latest revision of a comprehensive guide on legal principles.

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