Chen, Inc., recently reported the following December 31 amounts in its financial statements (in thousands): Compute return
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Chen, Inc., recently reported the following December 31 amounts in its financial statements (in thousands):
Compute return on equity for the current year. What does this ratio measure?
Transcribed Image Text:
Gross profit Net income Total assets Total shareholders' equity Current Year Prior Year $ 170 $140 85 70 1,000 900 800 750
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