Question
Profit for Sandos Inc., was $ 10,000 in 2021. Shareholders equity was $ 100,000 at December 31 2019, $ 200,000 at December 31, 2020, and
Profit for Sandos Inc., was $ 10,000 in 2021. Shareholders equity was $ 100,000 at
December 31 2019, $ 200,000 at December 31, 2020, and $ 300,000 at December 31,
2021. Return on equity for 2021 is:
a) 5%.
b) 4%.
c) 3.3%.
d) 10%.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
