The year-end balance sheet of Pointe Company shows average Pointe shareholders’ equity attributable to controlling interest of $7,997 million, net operating profit after tax of $2,308 million, net...


The year-end balance sheet of Pointe Company shows average Pointe shareholders’ equity attributable to controlling interest of $7,997 million, net operating profit after tax of $2,308 million, net income attributable to Pointe of $2,513 million, and common shares issued of 760.035 million. Assume the company has no preferred shares issued. Calculate Pointe’s ROE for the year.



Jun 07, 2022
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