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2019 2020 Accounts Payable $4,000 $3,200 Utilities Payable $2,000 $6,200 Wages Payable $1,000 $3,500 Notes Payable $20,000 $24,000 Interest Payable $1,200 $2,600 Common Stock $18,000
2019 2020 Accounts Payable $4,000 $3,200 Utilities Payable $2,000 $6,200 Wages Payable $1,000 $3,500 Notes Payable $20,000 $24,000 Interest Payable $1,200 $2,600 Common Stock $18,000 $18,000 Retained Earnings $10,600 $5,100 $56,800 $62,600 Given this information: 2019 2020 Accounts P Utilities Pa Wages Pay Notes Paya Cash $2,000 $1,600 Accounts Receivable $6,000 $14,000 Prepaid Rent $3,600 $1,000 Inventory $6,200 $7,000 Building $30,000 $30,000 Accumulated Depreciation ($1,000) ($5,000) Land $10,000 $14,000 $56,800 $62,600 Interest Pa Commons Retained Ei How much was return on equity if the company paid $7,000 in dividends during 2020? 27.1% 19.1% 5.8% 89.2% None of the above
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