• 2022-06-05
    Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net Income $15 million Interest Expense $2 million If ECE reported $15 million in net income, then ECE's Return on Equity (ROE) is:
    A: 5.0%
    B: 7.5%
    C: 10.0%
    D: 15.0%