Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Equity (ROE)? Inventory          25000 Current Assets         50,000 Current Liabilities         30,000 Non-current Assets         80,000 Net Profit         12,240 owner Equity         68,000 Select one: a. The correct answer not available  b. 0.81 c. 0.18 d. 0.359

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
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Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Equity (ROE)?

Inventory          25000
Current Assets         50,000
Current Liabilities         30,000
Non-current Assets         80,000
Net Profit         12,240
owner Equity         68,000
Select one:
a. The correct answer not available 
b. 0.81
c. 0.18
d. 0.359
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