Question
Sortino Hotel has acquired the following financial data below: Balance Sheet Item 2012 2013 Total Assets $2,960,000 $3,230,000 Total Owner's Equity $1,760,000 $2,810,000 Net Income
Sortino Hotel has acquired the following financial data below:
Balance Sheet Item
2012 2013
Total Assets
$2,960,000 $3,230,000
Total Owner's Equity
$1,760,000 $2,810,000
Net Income
$1,500,000 $1,650,000
Based on the financial information given, calculate ROE for Sortino in 2013.
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Cornerstones Of Cost Accounting
Authors: Don Hansen, Maryanne M. Mowen
1st Edition
053873678X, 978-0538736787
