RQMs return on equity is: (a) 26%. (b) 54%. (c) 42%. (d) 19%. RQM Corporation Selected Financial
Question:
RQM’s return on equity is:
(a) 26%.
(b) 54%.
(c) 42%.
(d) 19%.
Transcribed Image Text:
RQM Corporation Selected Financial Data, December 31, 2024 Net sales $1,800,000 Cost of goods sold 1,080,000 Operating expenses 315,000 Net operating income 405,000 Net income 195,000 Total stockholders' equity 750,000 Total assets 1,000,000 Cash flow from operating activities 25,000
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Related Book For
Understanding Financial Statements
ISBN: 9780138114404
12th Edition
Authors: Lyn Fraser, Aileen Ormiston
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