The financial statements of Heatwave Athletic Wear include the following selected data ($ in millions): Sales, $22,400; Net income, $875; Beginning stockholders' equity, $3,600; Ending stockholders' equity, $4,160. Calculate the return on equity. (Round your answer to 1 decimal place.) Return on equity %

The financial statements of Heatwave Athletic Wear include the following selected data ($ in millions): Sales, $22,400; Net income, $875; Beginning stockholders' equity, $3,600; Ending stockholders' equity, $4,160. Calculate the return on equity. (Round your answer to 1 decimal place.) Return on equity %

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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