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

corrosion is a natural process, which converts a refined metal to a more chemically-stable form, such as its oxide, hydroxide, or sulfide. it is the gradual destruction of materials (usually metals) by chemical and/or electrochemical reaction with their environment.

explanation:

answer; (c) communism and socialism;