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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 40
Return on Equity
Prince Company had net income of $45,500 in a year when its stockholders' equity averaged $450,000 and its total assets averaged $2,500,000. Calculate the company's return on equity for the period.
Prince Company had net income of $45,500 in a year when its stockholders' equity averaged $450,000 and its total assets averaged $2,500,000. Calculate the company's return on equity for the period.
Explanation
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Return on equity:
Return on equity is t...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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