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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 36
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.alculate the company's return on equity for the period.
Explanation
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Return on equity is a efficiency ratio t...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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