The condensed balance sheet and income statement for Microsoft are presented below.MARJORAM COMPANYBalance SheetDecember 31, 2024CashNotes receivable (due August 15, 2025)Accounts receivable (net)InventoryProperty, plant, and equipment (net)Intangible assets.Total assetsCurrent liabilitiesBonds payable (11%) (long-term)Common stockRetained earningsTotal liabilities and equitySalesCost of goods soldGross profitMARJORAM COMPANYIncome StatementFor the Year ended December 31, 2024Operating expensesOperating incomeInterest expenseIncome before income taxIncome tax expenseNet income$ 21,50034,00049, 40072,100275,00013, 400$ 465,400$ 104,800125,00075,000160, 600.Return on shareholders' equity1:%$ 465,400Required:Compute the return on shareholders' equity ratio for Microsoft.Note: Round your percentage answer to nearest whole percent.$ 779,000447, 400$ 331,600172, 200$ 159, 40013, 750$ 145, 65043,695$ 101,955

Ratio analysis s helps to analyze the financial statements of the company. The management can make…

Answered: Net income Required: Compute the return…

Net income Required: Compute the return on shareholders' equity ratio for Microsoft. Note: Round your percentage answer to nearest whole percent. Return on shareholders' equity $ 101,955 1:%

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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