has prepared the next year's pro forma balance sheet which shows the external financing needed (EFN) of RM100,000. To bring the pro forma balance sheet into balance, Ring & Bell should __________. Select one: a. invest in marketable securities totalling RM100,000 b. repurchase common stock totalling RM100,000 c. repay notes payable of RM1
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
Ring & Bell Bhd. has prepared the next year's pro forma
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