Question
Diamond Inc.'s sales is $520,000, its operating income is $84,000, average total assets are $480,000, and average shareholders' equity is $200,000. Determine the company's return
Diamond Inc.'s sales is $520,000, its operating income is $84,000, average total assets are $480,000, and average shareholders' equity is $200,000. Determine the company's return on shareholders' equity.
a.36.5%
b.55.2%
c.22.6%
d.42.0%
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A Textbook Of Cost And Management Accounting
Authors: Arora
10th Edition
9789325956209
