Creative Prints has a net income of $92,000. The firm has $800,000 in total assets and $300,000 in total liabilities. What is the return on equity? a. 11.5% b. 12.8% C. 18.4% d. 13.1%

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 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...
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Can you solve this general accounting question with accurate accounting calculations?
Creative Prints has a net income of $92,000. The firm has $800,000
in total assets and $300,000 in total liabilities. What is the return on
equity?
a. 11.5%
b. 12.8%
C. 18.4%
d. 13.1%
Transcribed Image Text:Creative Prints has a net income of $92,000. The firm has $800,000 in total assets and $300,000 in total liabilities. What is the return on equity? a. 11.5% b. 12.8% C. 18.4% d. 13.1%
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