THANKS!!!!!!!!!!

Question

THANKS!!!!!!!!!!

jim_thompson5910 · Answer

Maybe in the business section? I'm not sure.

jim_thompson5910 · Answer

this maybe http://openstudy.com/study#/groups/Business%20Skills

jim_thompson5910 · Answer

what's your question? Someone may know here. It depends I guess

jim_thompson5910 · Answer

So

Shareholder Equity = Total Assets - Total Liabilities
SE = TA - TL
SE = 330000 - 150000
SE = 180000

jim_thompson5910 · Answer

I think we divide the net profit (NP) by the shareholder equity (SE)

ROE = NP/SE
ROE = 208000/180000
ROE = 1.15555

hmm seems kind of odd how it's larger than 1

jim_thompson5910 · Answer

perhaps we average the SE values

jim_thompson5910 · Answer

does it mention ROE anywhere in your lesson? or notes?

jim_thompson5910 · Answer

or book maybe?

jim_thompson5910 · Answer

which book are you using?

jim_thompson5910 · Answer

I'm a college student. I'm guessing this is a high school class? or no?

jim_thompson5910 · Answer

If you can provide those pages, then maybe I can help find the formula

jim_thompson5910 · Answer

so strange how there are multiple ways to calculate ROE, but I would go with what you posted just now (since that's the answer they are looking for)

jim_thompson5910 · Answer

41.6% which rounds to 42%

anonymous · Answer

Thank you

jim_thompson5910 · Answer

you did much of the work lol but you're welcome

anonymous · Answer

You reminded me to look back further in the lesson otherwise I wouldn't of figured it out