Question
Consider the following partial income statements and balance sheets for Lillard Corp. For the year ended December 31, Net income 2024 2023 108,000 113,000
Consider the following partial income statements and balance sheets for Lillard Corp. For the year ended December 31, Net income 2024 2023 108,000 113,000 Less income attributable to noncontrolling interests Net income attributable to Lillard Corp. 7,600 5,700 100,400 107,300 Dec. 31, 2024 Dec. 31, 2023 Lillard Corp. shareholders' equity 861,000 888,000 Noncontrolling interests 32,400 30.600 Total equity 893,400 918,600 What is Lillard's return on equity for 2024?
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