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Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable. Inventory Net sales. Cost of goods sold Total assets Total stockholders equity Net income 845,000 755,000 515,000 415,000 59,000 73,000 What is the return on equity for 2024? (Round your answer to one decimal place.) Multiple Choice 3.2% 15.7% 14.2% 2024 2023 $83,000 $88,000 90,000 77,000 430,000 382,000 264,000 224,000 15%

Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable. Inventory Net sales. Cost of goods sold Total assets Total stockholders equity Net income 845,000 755,000 515,000 415,000 59,000 73,000 What is the return on equity for 2024? (Round your answer to one decimal place.) Multiple Choice 3.2% 15.7% 14.2% 2024 2023 $83,000 $88,000 90,000 77,000 430,000 382,000 264,000 224,000 15%

FINANCIAL ACCOUNTING
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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Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 $83,000 $88,000 90,000 77,000 430,000 382,000 264,000 224,000 845,000 755,000 515,000 415,000 73,000 59,000 What is the return on equity for 2024? (Round your answer to one decimal place.) Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders equity Net income Multiple Choice 3.2% 15.7% 14.2% 1.5%
Transcribed Image Text:Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 $83,000 $88,000 90,000 77,000 430,000 382,000 264,000 224,000 845,000 755,000 515,000 415,000 73,000 59,000 What is the return on equity for 2024? (Round your answer to one decimal place.) Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders equity Net income Multiple Choice 3.2% 15.7% 14.2% 1.5%
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