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The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data:
The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 $955000 $871000 2023 257000 244000 91300 91300 308000 308000 The return on equity for 2024 is 298700 227700 146000 26500 998000 1 ( S C
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