Q10-75. Antonio Companys net income for the year was $30,000. Its beginning and ending equity were $540,000

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Q10-75. Antonio Company’s net income for the year was $30,000. Its beginning and ending equity were $540,000 and $660,000, respectively. How much is Antonio’s return on equity?

a. 5.0%

c. 4.1%

b. 4.5%

d. 4.0%

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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Question Posted: Jul 26, 2024 09:02 AM

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Q10-75. Antonio Companys net income for the year was $30,000. Its beginning and ending equity were $540,000

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Financial Accounting International Financial Reporting Standards Global Edition

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