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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 31
ROI
Shown below are selected data from a recent annual report of Kimberly-Clark Corporation , a large consumer products provider. (Dollar amounts are in millions.)
a. Compute for the year Kimberly-Clark 's return on average total assets. (Round computations to the nearest two-tenths of 1 percent.)
b. Compute for the year Kimberly-Clark 's return on average total stockholders' equity. (Round computations to the nearest two-tenths of 1 percent.)
c. What is the most likely explanation why Kimberly-Clark 's total stockholders' equity for the year increased?
Shown below are selected data from a recent annual report of Kimberly-Clark Corporation , a large consumer products provider. (Dollar amounts are in millions.)
a. Compute for the year Kimberly-Clark 's return on average total assets. (Round computations to the nearest two-tenths of 1 percent.)
b. Compute for the year Kimberly-Clark 's return on average total stockholders' equity. (Round computations to the nearest two-tenths of 1 percent.)
c. What is the most likely explanation why Kimberly-Clark 's total stockholders' equity for the year increased?
Explanation
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(a) Return on average total assets:
Retu...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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