Company X had net assets of $425,000 at year-end. During the year, they reported net income of $82,000 and paid dividends of $45,000. Calculate: a) The company's average stockholders' equity b) The return on equity (ROE)

Company X had net assets of $425,000 at year-end. During the year, they reported net income of $82,000 and paid dividends of $45,000. Calculate: a) The company's average stockholders' equity b) The return on equity (ROE)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Answer? ? General Accounting

Company X had net assets of $425,000 at year-end. During the
year, they reported net income of $82,000 and paid dividends
of $45,000. Calculate:
a) The company's average stockholders' equity
b) The return on equity (ROE)

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