Summers, inc., has net income of $50 million in the current year. stockholders’ equity at the beginning and the end of the current year totaled $140 million and $160 million respectively. total assets at the beginning and the end of the current year totaled $190 million and $210 million respectively. what is the company’s return on equity for the current year?

ROE = 33.33%

Explanation:

return on equity:

where:

Average equity

(140 + 160) / 2 = 150

return on equity : 50 / 150 = 1/3 = 0.3333 = 33.33%

The ROE measures the effectiveness of the managers to generate profit with their current net assets(equity)

This ROE of 33.33% rrepresent that for every dollar of equity the company generates 33 cents of income

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

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