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The financial statements of Heatwave Athletic Wear Include the following selected data ($ In millions): Sales, $22,500; Net Income, $900; Beginning stockholders' equity, $3,500;
The financial statements of Heatwave Athletic Wear Include the following selected data ($ In millions): Sales, $22,500; Net Income, $900; Beginning stockholders' equity, $3,500; Ending stockholders' equity, $4,160. Calculate the return on equity. (Round your answer to 1 decimal place.) Return on equity %
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas
10th edition
133796833, 133427536, 9780133796834, 978-0133427530
