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The following data relates to Doximity inc, Doximity Inc only has common shares outstanding. Total assets, December 31, year 1 316000 Total assets, December 31,
The following data relates to Doximity inc, Doximity Inc only has common shares outstanding.
Total assets, December 31, year 1 316000
Total assets, December 31, year 2 494000
Total liabilities, December 31, year 1 60000
Total liabilities, December 31, year 2 98000
Sales for year 2 1360000
Income for year 2 14000
Calculate the return on equity rate for year 2. Express your answer as a percentage and round your answer to two digits. For example, 0.0384 equates to 3.84% so if this were the case you would enter 3.84 as your answer.
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Detecting Accounting Fraud Before Its Too Late
Authors: Oriol Amat
1st Edition
1119566843, 9781119566847
