Question
Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate Return on Common Equity. Round the
Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, calculate Return on Common Equity.
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units"
Income Statement, Year of 2014
| Net sales (all credit) | $4,276,600.00 |
| Less: Cost of goods sold | $3,292,982.00 |
| Selling and administrative expenses | $349,000.00 |
| Depreciation expense | $148,000.00 |
| EBIT | $486,618.00 |
| Interest expense | $49,600.00 |
| Earnings before taxes | $437,018.00 |
| Income taxes | $174,807.20 |
| Net income | $262,210.80 |
Your Answer:
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Enron And World Finance A Case Study In Ethics
Authors: P. Dembinski, C. Lager, A. Cornford, J. Bonvin
1st Edition
1403947635, 978-1403947635
