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Question
What is a good return on equity?
What is a good return on equity?
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Solution
The rate of return or rate on equity is used by a business to compare itself among other businesses in the same industry. Having a good rate of return means the business is doing well. The average percentage that is acceptable by a business is 15 percent to 20 percent.
The rate of return or rate on equity is used by a business to compare itself among other businesses in the same industry. Having a good rate of return means the business is doing well. The average percentage that is acceptable by a business is 15 percent to 20 percent.
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