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taylor, Inc. Trial Balance+A3:E29 31-Dec-22 2022 2021 Account Name Debit Credit Debit Credit Cash 52,000 32,000 Accounts Receivable 101,000 98,000 12,200 Supplies Inventory Prepaid Expenses 2,500 65,500 12,300 42,300 24,000 Land 309,700 385,000 309,700 385,000 Building Accumulated Depreciation-Building Accounts Payable Salaries Payable Income Taxes Payable Notes Payable Bonds Payable 76,300 58,600 42,100 38,900 13,200 34,000 9,700 26,000 100,000 200,000 100,000 200,000 Common Stock 220,000 67,000 220,000 49,000 Retained Earnings Sales Revenue (Net) Cost of Goods Sold 956,000 1,050,650 360,000 67,900 456,950 Advertising Expense Depreciation Expense Insurance Expense Rent Expense Salaries Expense 70,000 17,700 17,700 1,000 24,000 1,000 24,000 310,000 280,000 1,708,600 1,708,600 1,752,850 1,752,85 What is the return on equity for 2022?

taylor, Inc. Trial Balance+A3:E29 31-Dec-22 2022 2021 Account Name Debit Credit Debit Credit Cash 52,000 32,000 Accounts Receivable 101,000 98,000 12,200 Supplies Inventory Prepaid Expenses 2,500 65,500 12,300 42,300 24,000 Land 309,700 385,000 309,700 385,000 Building Accumulated Depreciation-Building Accounts Payable Salaries Payable Income Taxes Payable Notes Payable Bonds Payable 76,300 58,600 42,100 38,900 13,200 34,000 9,700 26,000 100,000 200,000 100,000 200,000 Common Stock 220,000 67,000 220,000 49,000 Retained Earnings Sales Revenue (Net) Cost of Goods Sold 956,000 1,050,650 360,000 67,900 456,950 Advertising Expense Depreciation Expense Insurance Expense Rent Expense Salaries Expense 70,000 17,700 17,700 1,000 24,000 1,000 24,000 310,000 280,000 1,708,600 1,708,600 1,752,850 1,752,85 What is the return on equity for 2022?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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taylor, Inc. Trial Balance+A3:E29 31-Dec-22 2022 2021 Account Name Debit Credit Debit Credit Cash 52,000 32,000 Accounts Receivable 101,000 98,000 Supplies Inventory Prepaid Expenses 2,500 12,200 65,500 42,300 12,300 24,000 Land 309,700 309,700 Building Accumulated Depreciation-Building Accounts Payable Salaries Payable Income Taxes Payable Notes Payable Bonds Payable 385,000 385,000 76,300 58,600 38,900 42,100 13,200 9,700 34,000 26,000 100,000 100,000 200,000 200,000 Common Stock 220,000 220,000 Retained Earnings Sales Revenue (Net) 67,000 49,000 956,000 1,050,650 Cost of Goods Sold 360,000 456,950 Advertising Expense Depreciation Expense Insurance Expense Rent Expense Salaries Expense 67,900 70,000 17,700 17,700 1,000 1,000 24,000 24,000 310,000 280,000 1,708,600 1,708,600 1,752,850 1,752,85 What is the return on equity for 2022?
Transcribed Image Text:taylor, Inc. Trial Balance+A3:E29 31-Dec-22 2022 2021 Account Name Debit Credit Debit Credit Cash 52,000 32,000 Accounts Receivable 101,000 98,000 Supplies Inventory Prepaid Expenses 2,500 12,200 65,500 42,300 12,300 24,000 Land 309,700 309,700 Building Accumulated Depreciation-Building Accounts Payable Salaries Payable Income Taxes Payable Notes Payable Bonds Payable 385,000 385,000 76,300 58,600 38,900 42,100 13,200 9,700 34,000 26,000 100,000 100,000 200,000 200,000 Common Stock 220,000 220,000 Retained Earnings Sales Revenue (Net) 67,000 49,000 956,000 1,050,650 Cost of Goods Sold 360,000 456,950 Advertising Expense Depreciation Expense Insurance Expense Rent Expense Salaries Expense 67,900 70,000 17,700 17,700 1,000 1,000 24,000 24,000 310,000 280,000 1,708,600 1,708,600 1,752,850 1,752,85 What is the return on equity for 2022?
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