Question
The Dennis Company reported net income of $56,000 on sales of $360,000. The company has average total assets of $590,000 and average total liabilities of
The Dennis Company reported net income of $56,000 on sales of $360,000. The company has average total assets of $590,000 and average total liabilities of $160,000. What is the company's return on equity ratio?
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
