Woldenga Consulting Ltd. reported the figures shown below for 2020 and 2019: Required 1. Compute the return

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Woldenga Consulting Ltd. reported the figures shown below for 2020 and 2019:


Required

1. Compute the return on total assets (ROA) and the return on common shareholders’ equity (ROE) for 2020. Round your answers to two decimal places.

2. Do these rates of return suggest strength or weakness? Give your reasons.

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Horngrens Accounting

ISBN: 9780135359785

11th Canadian Edition Volume 2

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood

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