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 National Textile 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 National Textile 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 National Textile is
A)40 percent. 
B)67 percent. 
C)47 percent. 
D)32 percent.

Use This Balance Sheet and Income Statement to Answer the Following