Explain the significance of the return-on-equity ratio. Who (what category or type of financial statement users) would normally be most interested in this ratio, and why?
What will be an ideal response?
The return-on-equity ratio measures the relationship between net income and stockholders' equity. The stockholders would normally be most interested in this ratio because it measures how well the company is using their investment to earn income.
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In terms of cost behavior, supervisory salaries and direct labor are classified as
A) fixed and variable, respectively. B) variable. C) fixed. D) mixed and fixed, respectively.
An organization uses SAP financial management software to store accounting details and Microsoft CRM software to record customer transactions
Managers face problems when they have to make decisions based on both sets of data, as the data are stored on two different platforms. Such data are referred to as ________ data.A) nonintegrated B) dirty C) granular D) meta
Which of the following is true about the Internet backbone of a country?
A. It is the primary body that addresses the growing menace of cyber crimes globally. B. It is the major set of connections for computers on the Internet. C. It is a high-security storage facility for files and documents. D. It is the primary Internet service provider in a given country.
Work-in-process inventory includes parts that are lined up at a processing center due to a capacity bottleneck or machine breakdown
Indicate whether the statement is true or false