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Atlas Corporation reports the following financial information: • 2024: • Net Income: $725,000 • Total Equity: $6,250,000 2023: Total Equity: $6,750,000 Calculate Atlas Corporation's return on equity ratio for 2024. a. 11.60% b. 11.15% c. 10.74% d. 12.00%

Atlas Corporation reports the following financial information: • 2024: • Net Income: $725,000 • Total Equity: $6,250,000 2023: Total Equity: $6,750,000 Calculate Atlas Corporation's return on equity ratio for 2024. a. 11.60% b. 11.15% c. 10.74% d. 12.00%

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 99.4C
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Atlas Corporation reports the following financial information: • 2024: • Net Income: $725,000 • Total Equity: $6,250,000 2023: Total Equity: $6,750,000 Calculate Atlas Corporation's return on equity ratio for 2024. a. 11.60% b. 11.15% c. 10.74% d. 12.00%
Transcribed Image Text:Atlas Corporation reports the following financial information: • 2024: • Net Income: $725,000 • Total Equity: $6,250,000 2023: Total Equity: $6,750,000 Calculate Atlas Corporation's return on equity ratio for 2024. a. 11.60% b. 11.15% c. 10.74% d. 12.00%
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