FRReturnOnCommonEquity

FRReturnOnCommonEquity(Number netProfit, Number preferredDividend, Number commonEquity)

This function returns the result of return on common equity.

Parameters

• netProfit - A Double value indicating the net profit.
• preferredDividend - A Double value indicating the preferred dividend.
• commonEquity - A Double value indicating the common equity.

Return value

The return value is a Number.

Example

If the net profit is 300000.00, the preferred dividend is 180000.00, the common equity is 208000.00, the return value of the following statement is 0.58.

FRReturnOnCommonEquity(300000.00, 180000.00, 208000.00)