Refer to the financial statements of Black Barn Company. The firm's return on equity ratio for 2009 is
The financial statements of Black Barn Company are given below.
Note: The common shares are trading in the stock market for $40 each.
A. 16.88%.
B. 15.63%.
C. 14.00%.
D. 15.00%.
E. 16.24%.
A. 16.88%.
$660,000/[($4,140,000 + $3,680,000)/2] = .1688.
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