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Liabilities 158,000 Shareholders' 286,000 263,000 equity Net sales 353,000 426,000 Cost of goods 233,000 306,000 sold Net Income 24,000 24,780 Colby's 2022 ROE is:

Liabilities 158,000 Shareholders' 286,000 263,000 equity Net sales 353,000 426,000 Cost of goods 233,000 306,000 sold Net Income 24,000 24,780 Colby's 2022 ROE is:

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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Colby Co's December 31, 2022 and 2021 financial statements included the following information: 2022 2021 Cash $ 43,000 $ 51,500 Accounts 61,000 receivable 78,000 Inventory 81,000 85,000 Plant assets 223,000 244,000 Total assets 444,000 421,000 Liabilities 158,000 158,000 Shareholders' 286,000 263,000 equity Net sales 353,000 426,000 Cost of goods 233,000 306,000 sold Net Income 24,000 24,780 Colby's 2022 ROE is:
Transcribed Image Text:Colby Co's December 31, 2022 and 2021 financial statements included the following information: 2022 2021 Cash $ 43,000 $ 51,500 Accounts 61,000 receivable 78,000 Inventory 81,000 85,000 Plant assets 223,000 244,000 Total assets 444,000 421,000 Liabilities 158,000 158,000 Shareholders' 286,000 263,000 equity Net sales 353,000 426,000 Cost of goods 233,000 306,000 sold Net Income 24,000 24,780 Colby's 2022 ROE is:
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