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Hi I need help answering the following question Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net)
Hi I need help answering the following question
Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income Dec 31, 2020 $ 31,000 49,000 69,000 211,000 408,000 146,000 262,000 341,000 221,000 21,000 Dec 31, 2021 $ 33,500 55,000 73,000 220,000 397,000 146,000 251,000 402,000 282,000 24,060 Required: Compute the return on equity for 2021. (Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%) Return on equity % Step by Step Solution
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