The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 20.1% O 21.1% O 19.1% 0.10.196 $962000 $883000 271000 250000 81300 2023 The return on assets for 2024 is 81300 303000 303000 306700 248700 167000 35500 981000

The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 20.1% O 21.1% O 19.1% 0.10.196 $962000 $883000 271000 250000 81300 2023 The return on assets for 2024 is 81300 303000 303000 306700 248700 167000 35500 981000

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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