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The following data was taken from the accounting records of Teal Mountain Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings 2024 2023
The following data was taken from the accounting records of Teal Mountain Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings 2024 2023 $961000 $885000 261000 245000 75900 75900 302000 302000 322100 262100 Additional data: Net income Interest expense Sales revenue 179000 32500 994000 The return on equity for 2024 is O 26.7% O 25.3% 0 46.4% O 21.1%
The following data was taken from the accounting records of Teal Mountain Corporation:
Total assets
Total liabilities
Preferred shares
Common shares
Retained earnings
2024
2023
$961000 $885000
261000
245000
75900
75900
302000
302000
322100
262100
Additional data:
Net income
Interest expense
Sales revenue
179000
32500
994000
The return on equity for 2024 is
O 26.7%
O 25.3%
0 46.4%
O 21.1%
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Financial Accounting Tools For Business Decision Making
Authors: J.K.
1st Edition
B00DU84AZU
