Question
Academy Driving School reported the following amounts in its financial statements: Year 1Year 2Number of common shares12,90012,900 Net income$43,860$38,860 Cash dividends paid on common stock$2,600$2,600
Academy Driving School reported the following amounts in its financial statements:
Year 1Year 2Number of common shares12,90012,900 Net income$43,860$38,860 Cash dividends paid on common stock$2,600$2,600 Total stockholders' equity$380,000$360,000
Calculate EPS and ROE for year 2.(Round EPS to 2 decimal places and ROE to 1 decimal place.) Year 2 EPS ROE
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
