Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios. The return on equity for Isanti Systems is
A) 40 percent.
B) 67 percent.
C) 47 percent.
D) 32 percent.

Question

Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios.   The return on equity for Isanti Systems is
A) 40 percent. 
B) 67 percent. 
C) 47 percent. 
D) 32 percent.

Quizplus · Accepted Answer

The Answer of Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios.   The return on equity for Isanti Systems is
A) 40 percent. 
B) 67 percent. 
C) 47 percent. 
D) 32 percent.

Use This Balance Sheet and Income Statement to Answer the Following