Question
1.Partial financial information for a company is as follows: Current assets: $36,543 Total Assets: $58,719 Current Liabilities: $24,824 Total Liabilities: $48,561 Stockholders equity: $10,158 Sales:
1.Partial financial information for a company is as follows:
Current assets: $36,543
Total Assets: $58,719
Current Liabilities: $24,824
Total Liabilities: $48,561
Stockholders equity: $10,158
Sales: $46,997
Net Income: $3,761
Market Value $41,316
What is the return on equity for this company?
a.10.3%
b.15.2%
c.24.6%
d.37.0%
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Financial And Managerial Accounting
Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka
14th International Edition
0071101217, 9780071101219
