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Non-Tech : Littlefield Corporation (LTFD)
LTFD 0.1700.0%Sep 29 11:29 AM EST
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To: Vinnie who wrote (7213)2/9/1998 9:59:00 PM
From: Market Tracker  Read Replies (2) of 10368
 
Vinnie, - ROE can be easily figured by taking net income, (after taxes), and dividing it by the common stockholder's equity. A slightly more refined definition would be to take the stockholder's equity at the beginning of the period under consideration as the divisor. An even more refined version would use the TANGIBLE stockholder's equity, which would subtract the intangible assets on the balance sheet from the stkhldrs. equity in the divisor.

So if BNGO were to earn $3,000,000 net profit on a beginning stockholder's equity of $10,000,000, the ROE would be 30 %

Hope this helps.

MT
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