Computing Return on Equity
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The Phoenix Company has the following results:
Net Sales $7,000,000
Net Total Assets $5,000,000
Depreciation 200,000
Net Income 500,000
Long-Term Debt 2,500,000
Equity 1,800,000
Dividends 180,000
Compute Phoenix's ROE and confirm this using the three components (ratios) combined in your computation.
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Solution Summary
This solution provides calculations in Excel for computing return on equity.
Education
- BA, Ain Shams University, Cairo Egypt
- MBA, California State University, Sacramento
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