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how did my professor get return on common equity everytime i calculate it i get 200/1020=19.6 or 200-60/1020= 13.7 help plz Practice Problems 2. Financial
how did my professor get return on common equity everytime i calculate it i get 200/1020=19.6 or 200-60/1020= 13.7
Practice Problems 2. Financial Statement Analysis FNCE 4500 1. A balance sheet and income statement for Denver Company are shown in the following tables for this year and the previous year. Using the company information provided, calculate the following ratios for the current year: current ratio, total asset turnover, net profit margin, return on common equity, and total debt to equity. Denver Company Balance Sheet (Dollars in millions) Denver Company Income Statement (Dollars in millions) Current ratio: 1.9 Total asset turnover: 2.0 Net profit margin: 5.0% Return on common equity: 21.1% Total debt to equity: 80.9% help plz
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