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PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please A condensed balance sheet
PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please
A condensed balance sheet for Morningstar, Inc. is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Inc. (Round your answers to the nearest whole percent.) Morningstar, Inc. Balance Sheet December 31 (amounts in millions) % Amount Amount % S 7,960 Current Liabilities Accounts Payable Accrued Liabilities S 550 3,380 Current Assets Cash & Cash Equivalents Accounts Receivat Inventories Total Current Assets Property & Equipment, Net Long-Term Investments 1.830 1.120 10.910 3,930 1,550 3,900 3,370 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities & Stockholder's Equity 5,480 12,700 S 18,180 Total Assets $ 18,180 Company X has net sales revenue of $1,256,000, cost of goods sold of $769,000, and all other expenses of $296,000. The beginning balance of stockholders' equity is $460,000 and the beginning balance of fixed assets is $367,000. The ending balance of stockholders' equity is $750,000 and the ending balance of fixed assets is $395,000. Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.) Return on EquityStep by Step Solution
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