The return on assets for Ray St. John Corporation is 7.6%. During the same year St. John's

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The return on assets for Ray St. John Corporation is 7.6%. During the same year St. John's return on com- mon stockholders' equits is 12.8%. What is the ex- planation For the difference in the two rates?

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Managerial Accounting Tools For Business Decision Making

ISBN: 9780471413653

2nd Canadian Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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