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The following data was taken from accounting records of Whispering Winds corporation: 2024 2023 Total Assets 963000 871000 Total Liabilities 280000 247000 Preferred shares 82600
The following data was taken from accounting records of Whispering Winds corporation: 2024 2023 Total Assets 963000 871000 Total Liabilities 280000 247000 Preferred shares 82600 82600 common shares 308000 308000 Retained earnings 292400 233400 additional data net income 143000 interest expense 34700 sales revenue 983000 The return of equity for 2024 is 39.7% 21.9% 20.4% 19.3%
Your answer is incorrect . The following data was taken from the accounting records of Whispering Winds Corporation: 2024 2023 Total assets $963000 $871000 Total liabilities 280000 247000 Preferred shares 82600 82600 Common shares 308000 308000 Retained earnings 292400 233400 Additional data: Net income 143000 Interest expense 34700 Sales revenue 983000 The return on equity for 2024 is O 39.7% O 21.9% O 20.4% O 19.3%Step by Step Solution
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