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

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?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 6QY: What would be the net income for Floress Catering? a. 45,500 b. 16,800 c. 19,800 d. 10,800

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Question

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 on
equity?

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