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Given the below Income Statement, what is the Leo Construction's pre-tax return on equity in 2021 (keep two decimal places)? Leo Construction Income Statement For
Given the below Income Statement, what is the Leo Construction's pre-tax return on equity in 2021 (keep two decimal places)? Leo Construction Income Statement For Year Ending December 31, 2021 Operation revenue Direct cost Materials Labor 3,698,945 (712,564) (896,514) Subcontract (1,452,352) Equipment (119,575) Other (5,452) Total direct cost (3,188,457) Gross profit 512,488 Overhead (422,562) Net income from operations 89,926 Other income 21,521 Net income before taxes 111,447 Income tax 33,434 Net income 78,013
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