Answered step by step
Verified Expert Solution
Question
1 Approved Answer
BALANCE SHEET CURRENT ASSETS CURRENT LIABILITIES Cash $6523 Account payable $8023 Account receivable $4013 Others $1778 Inventory $7987 FIXED ASSETS Total long-term debt $21256 Building
BALANCE SHEET | |||
CURRENT ASSETS | CURRENT LIABILITIES | ||
Cash | $6523 | Account payable | $8023 |
Account receivable | $4013 | Others | $1778 |
Inventory | $7987 |
|
|
|
|
|
|
FIXED ASSETS |
| Total long-term debt | $21256 |
Building & equipment | $38984 |
|
|
You have the following information from the Income Statement | |
Sales | $41450 |
Cost of goods sold | $17077 |
R&D expenses | $1656 |
Interest | $1806 |
Corporate tax | $1047 |
Calculate the Return on equity in percentage. Enter the two decimal number without any sign and symbol.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started