The following accounts and related balances of Surgical Products, Inc., are arranged in no particular order. section*{Required}

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The following accounts and related balances of Surgical Products, Inc., are arranged in no particular order.

\section*{Required}

1. Prepare the company's classified balance sheet in the account format at November 30, 19X7.

2. Compute rate of return on total assets and rate of return on common stockholders' equity for the year ended November 30, 19X7.

3. Do these rates of return suggest strength or weakness? Give your reason.

4. How will what you learned in this problem help you evaluate an investment?

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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