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Given the following data: Current Previous Net income $ 2,150 $ 1,900 Stockholders' equity 10,600 13,725 Total assets 27,000 29,000 Interest expense 460 360 Compute
Given the following data:
| Current | Previous | |||||||
| Net income | $ | 2,150 | $ | 1,900 | ||||
| Stockholders' equity | 10,600 | 13,725 | ||||||
| Total assets | 27,000 | 29,000 | ||||||
| Interest expense | 460 | 360 | ||||||
Compute the return on equity ratio for the current year.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
