Question
15. Given these facts, calculate return on equity: Sales........................................ $8,200,000 Net Income............................. 2,050,000 Average Total Assets............... 7,100,000 Average Total Liabilities.......... 3,500,000 a. .29. b. .57.
15. Given these facts, calculate return on equity:
Sales........................................ $8,200,000
Net Income............................. 2,050,000
Average Total Assets............... 7,100,000
Average Total Liabilities.......... 3,500,000
a. .29.
b. .57.
c. .65.
d. .71.
e. Not enough information is given.
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Data And Analytics In Accounting An Integrated Approach
Authors: Guido Geerts, Ann C. Dzuranin, Margarita Lenk
1st Edition
1119722993, 978-1119722991
