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The owner's equity of Rosewood Company was $287,000 on January 1 and $363,000 on December 31. The accounts receivable balance on January 1 was $24,000
The owner's equity of Rosewood Company was $287,000 on January 1 and $363,000 on December 31. The accounts receivable balance on January 1 was $24,000 and $28,000 on December 31. The net income for the year was $125,000, and the net credit sales were $190,000. What was Rosewood's return on owner's equity for the period
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
