Comparative balance sheets for Softech Canvas Goods for 2024 and 2023 are shown below. Softech pays no
Question:
Comparative balance sheets for Softech Canvas Goods for 2024 and 2023 are shown below. Softech pays no dividends and instead reinvests all earnings for future growth.
Required:
1. Determine the return on shareholders’ equity for 2024.
2. What does the ratio measure?
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