What is the return on equity for 2019?

Excel File Edit View Insert Format Tools Data Window Help 100% 2. Sat 8:44 PM Sergio L Q = Learning Check 3.6-Profitability Ratios Qv Search Sheet Home Insert Draw Page Layout Formulas Data Review View "+ Share ~ Calibri (Body) 11 Wrap Text General Insert E A * Delete Paste B U * Merge & Center 1.00 Conditional Format Cell Sort & Find & WM Sergio Loyola Formatting as Table Styles Format Filter Select Resume 112 X V fx D G H M N P Q R Below, the trial balance for Rodan, Inc is presented for years 2018 and 2019. Calculate the answers to the six questions that follow the trial balance and enter the answers in Blackboard. Pictures Rodan, Inc. its Trial Balance 31-Dec-19 2019 2018 Account Name Debit Credit Debit Credit Cash 52,000 32,00 Accounts Receivable 101,000 98,000 Gloria Loyola 9 Supplies 2,500 12,200 Resume 10 Inventory 65,500 42,300 11 Prepaid Expenses 12,300 24,000 12 Land 309,700 309,700 Building 385,000 385,000 14 Accumulated Depreciation-Building 76,30 58,600 15 Accounts Payable 42,100 38,900 Salaries Payable 13,200 9,700 Income Taxes Payable 34,00 26,000 NCSA call Notes Payable 100,00 100,000 19 Bonds Payable 200,000 200,000 20 Common Stock 220,000 220,000 21 Retained Earnings 67,000 49,000 22 Sales Revenue (Net) 956,000 1,050,650 Cost of Goods Sold 360,000 456,950 24 Advertising Expense 67,900 70,000 25 Depreciation Expense 17,700 17,70 Insurance Expense 1,000 1,000 27 Rent Expense 24,000 24,000 Salaries Expense 310,00 280,00 1,708,60 1,708,600 1,752,850 1,752,850 30 1. What is the net income for 2019? 175,400 33 34 2. What is the gross margin in dollars for 2019? 596,000 Worksheet + Ready - + 100% MAY 3 1 X P O W 9 ... tv