Question
The financial statements of Heatwave Athletic Wear include the following selected data ($ in millions): Sales, $22,500; Net income, $825; Beginning stockholders' equity, $3,550; Ending
The financial statements of Heatwave Athletic Wear include the following selected data ($ in millions): Sales, $22,500; Net income, $825; Beginning stockholders' equity, $3,550; Ending stockholders' equity, $4,100.
Calculate the return on equity.(Round your answer to 1 decimal place.)
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
