The following data came from the financial statements of Israel Company. Compute the company's return on equity (in percentage terms, rounded to two decimal places). Revenue $900,000 Expenses 600,000 Net income 300,000 Assets 600,000 Liabilities 100,000 Average equity 500,000

Managerial Accounting
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Chapter16: Financial Statement Analysis
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The following data came from the financial statements of Israel Company.
Compute the company's return on equity (in percentage terms, rounded
to two decimal places).
Revenue
$900,000
Expenses
600,000
Net income
300,000
Assets
600,000
Liabilities
100,000
Average equity 500,000
Transcribed Image Text:The following data came from the financial statements of Israel Company. Compute the company's return on equity (in percentage terms, rounded to two decimal places). Revenue $900,000 Expenses 600,000 Net income 300,000 Assets 600,000 Liabilities 100,000 Average equity 500,000
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