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Liam Co's December 31, 2021 and 2022 financial statements included the following information: 2022 2021 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net
Liam Co's December 31, 2021 and 2022 financial statements included the following information: 2022 2021 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net Sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total shareholders' equity 240,000 225,000 Net Income 32,500 28,000 What Liam's ROE in 2022?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
