1025 net sales cost of goods sold 682 343 gross profit margin depreciation 31 operating expense administrative expense 103 127 operating profit 82 interest 27 profit before tax 55 17 taxes net income...


I was working on the following question:



Calculate BCM's return on equity.


using the formula ROE = net income / total equity I calculated the answer to be 0.025.


the answer options I am given are


a) 4.8, b) 5.9 c) 6.7 d) 8.3 e) 11.6



I have attached an image of the spreadsheet with the correct labels and numbers to see what exactly I am calculating wrong


1025<br>net sales<br>cost of goods sold<br>682<br>343<br>gross profit margin<br>depreciation<br>31<br>operating expense<br>administrative expense<br>103<br>127<br>operating profit<br>82<br>interest<br>27<br>profit before tax<br>55<br>17<br>taxes<br>net income<br>38<br>liabilities<br>assets<br>notes payable<br>accounts payable<br>cash<br>61<br>223<br>286<br>152<br>a/r<br>354<br>inventory<br>асcruals<br>32<br>701<br>total current liabilities<br>407<br>current assets<br>net fixed assets<br>802<br>long term debt<br>306<br>common stock (1.50 par)<br>102<br>226<br>paid in surplus<br>retained earnings<br>462<br>total liabilities and stockholder's equity<br>1503<br>

Extracted text: 1025 net sales cost of goods sold 682 343 gross profit margin depreciation 31 operating expense administrative expense 103 127 operating profit 82 interest 27 profit before tax 55 17 taxes net income 38 liabilities assets notes payable accounts payable cash 61 223 286 152 a/r 354 inventory асcruals 32 701 total current liabilities 407 current assets net fixed assets 802 long term debt 306 common stock (1.50 par) 102 226 paid in surplus retained earnings 462 total liabilities and stockholder's equity 1503

Jun 05, 2022
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