- Financial Accounting & Bookkeeping
- Financial Ratios
- Return on Equity (ROE)
A firm with sales of $1,000,000, net profits after taxes of $30,000, total assets of $1,500,000, and total liablilities of $750,000 has a return on equity of ________.
20 percent, 15 percent, 3 percent, or 4 percent
please advise answer & why - thanks!