Assume that Pugliese Industrial Supply, Inc., has the following data: Net income for 20l6 ..................................................... $ 149000

Question:

Assume that Pugliese Industrial Supply, Inc., has the following data:

Net income for 20l6 ..................................................... $ 149000

Total stockholder& equity, 12131/2016 ............................ $1,812,000

Total stockholders' equity, 12131/2015 ........................... $1,607,000

Requirements

1. Calculate Pugliese Industrial Supply's return on equity for 2016.

2. Comment on Pugliese Industrial Supply's performance during 2016 assuming that the industry average is between 11 percent and 13 percent?

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Nov 17, 2017 09:12 AM

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Assume that Pugliese Industrial Supply, Inc., has the following data: Net income for 20l6 ..................................................... $ 149000

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Req 1 Req 2 Pugliese Industrial Supply Incs return on equity of 872 indica...View the full answer

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