25) Given these facts, calculate return on equity: Sales................................................$8,200,000 Net Income............................................2,050,000 Average Total Assets..............................................7,100,000 Average Total Liabilities........................................3,500,000 A.0.29. B.0.57. C.0.65. D.0.71.

Name: 25) Given these facts, calculate return on equity: Sales..............
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Description: 25) Given these facts, calculate return on equity: Sales................................................$8,200,000 Net Income............................................2,050,000 Average Total Assets..............................................7,100

Answered: 25) Given these facts, calculate return…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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25) Given these facts, calculate return on equity:

	Sales................................................	$8,200,000
	Net Income............................................	2,050,000
	Average Total Assets..............................................	7,100,000
	Average Total Liabilities........................................	3,500,000
	A.	0.29.
	B.	0.57.
	C.	0.65.
	D.	0.71.