Question
Lauer Company reported net income of $70,300 on sales of $307,000. The company has total assets of $507,000 and total liabilities of $114,000. What is
Lauer Company reported net income of $70,300 on sales of $307,000. The company has total assets of $507,000 and total liabilities of $114,000. What is the company's return on equity ratio? (Round your answer to 2 decimal places.)
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
