California Company included the following items in its financial statements for 2012, the current year (amounts in

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California Company included the following items in its financial statements for 2012, the current year (amounts in millions):

California Company included the following items in its financial

Requirements
1. Use DuPont analysis to compute California€™s return on assets and return on common equity during 2012 (the current year). California has no preferred stock outstanding.
2. Do the company€™s rates of return look strong or weak? Give your reason.
3. What additional information do you need to make the decision in(2)?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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