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Adobe Corporation Had Net Income of $120,000 in 20x4 and $164,000

question 93

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Adobe Corporation had net income of $120,000 in 20x4 and $164,000 in 20x5.Total stockholders' equity at the end of 20x4 was $760,000 and total stockholders' equity at the end of 20x5 was $820,000.Adobe's total assets at the end of 20x4 were $1,320,000 and its total assets at the end of 20x5 were $1,410,000.Based on this information,what is Adobe's return on equity for 20x5?


Definitions:

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument.

Common Stock

Refers to shares that represent ownership in a corporation, providing voting rights and dividends, but with no fixed dividend rate.

Shares Outstanding

The total number of a company's shares that are currently owned by shareholders, including restricted shares.

Reacquired

Refers to assets or shares that a company buys back from investors or shareholders.

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