Provide this question solution financial accounting Anton's Coffee Shop has a return on assets of 12%.Anton's assets = $100 while Anton's owner's equity =$40 and its debt equals $60. What is Anton's return onequity?

Step 1: Define Return on EquityReturn on equity is a financial ratio that is expressed in a…

Answered: Anton's Coffee Shop has a return on…

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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Anton's Coffee Shop has a return on assets of 12%. Anton's assets = $100 while Anton's owner's equity = $40 and its debt equals $60. What is Anton's return on equity?