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Sales revenue $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,000 Balance sheets: 2024 2023 Accounts receivable $ 300,000 $ 200,000 Total assets 2,000,000
Sales revenue $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,000 Balance sheets: 2024 2023 Accounts receivable $ 300,000 $ 200,000 Total assets 2,000,000 1,800,000 Total shareholders' equity 900,000 700,000 The return on shareholders' equity for 2024 is
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
