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
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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, $4,160.
Calculate the return on equity. (Round your answer to 1 decimal place.)
Return on equity
%
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Transcribed Image Text:aw The financial statements of Heatwave Athletic Wear include the following selected data ($ 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 % < Prev 21 of 34 H Next >
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