What is the return on equity
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Company taxable income is $1,760, tax rate of 38%, and owners' equity: $400 in stock, $200 in capital surplus, $200 in retaining earnings.
What is the return on equity ROE?
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Solution Summary
This solution illustrates how to compute return on equity (ROE).
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After-tax net income = Before-tax net income*(1-tax rate)
After-tax net income = ...
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