Business, 27.05.2020 22:57 sunshine52577oyeor9

John Inc. is a manufacturing business. For a given accounting period, the business’s total revenue amounted to $75,000, while its expenses came to $35,000. The total shareholders’ equity on the businesses balance sheet was $150,000. What is John Inc.’s return on equity for this accounting period?
A.
16.66 percent
B.
26.66 percent
C.
36.66 percent
D.
46.66 percent

Answers: 1

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John Inc. is a manufacturing business. For a given accounting period, the business’s total revenue a...

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