Unformatted text preview: ROE 08 = Net Income/Common Equity = $253,584/$1,977,152 = 12.8%. The firm’s profit margin is above 2006 and 2007 levels and is at the industry average. The basic earning power, ROA, and ROE ratios are above both 2006 and 2007 levels, but below the industry average due to poor asset utilization....
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- Spring '08
- Return On Equity (ROE), Financial Ratio, Generally Accepted Accounting Principles, 1916, 1917, 1925