Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

help me!thx so much Balance Sheet Assets $ 684658 Current Assets Cash and cash equivalents Account receivables Inventories Total current assets Non-current Assets Liabilities and

help me!thx so muchimage text in transcribed

Balance Sheet Assets $ 684658 Current Assets Cash and cash equivalents Account receivables Inventories Total current assets Non-current Assets Liabilities and equity Current liabilities Payables Accured expenses Total current liabilities Long term liabilities Total liabilities Total Shareholder's Equity Total Liabilities and Equity 1404819 373433 1778252 2335892 1006850 4027400 2168600 762108 2540360 3655640 Total Assets 6196000 6196000 Information connected to the Income Statement: Total revenues: $ 9665760 Cost if goods sold: $ 5328560 Net income: $ 322192 What is the ROE of the firm? (Give the answer in percentage format with 2 decimals, e.g.: 14.268% is 14.27 )

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics Principles And Methods

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

7th Edition

9780470904114

Students also viewed these Finance questions