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The following information was taken from the financial statements of Collin's Inn: Total current assets $162,000 Average owner's equity 148,000 Beginning inventory 32,000 Ending inventory
The following information was taken from the financial statements of Collin's Inn:
Total current assets | $162,000 |
Average owner's equity | 148,000 |
Beginning inventory | 32,000 |
Ending inventory | 36,000 |
Cost of goods sold | 165,000 |
Net income | 37,000 |
The return on owner's equity for Collin's Inn is
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The following information was taken from the financial statements of Ashley's Linens:
The working capital of Ashley's Linens is
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