problem 15

the above 14. If the external auditorlinds that a company's financial statements have a single nonconformity with US GAAP, the external auditor will issuen(n) opinion A. Unqualified O Qualified C Adverse D. Disclaimer E. None of the above. 15. Excerpts from Clayton Company's December 31, 2018 and 2017 financial statements are presented below: Profit margin Asset tumover Inventory tumover Receivables turnover Total assets Total shareholder's equity 2018 2017 0.21 0.26 0.58 0.49 15.0 12.5 18.8 17.5 1,062,500 1,012,500 600,000 562,500 Clayton's 2018 return on shareholder's equity (rounded): A 12.2% B 21.0% C. 21.7% D. 26.0% E 58.0%