The following information was drawn from the accounting records of Jones Company. (Round the percentage to 1 decimal pla Net sales $316,279 Net income 68,000 Average total assets Average total liabilities Average total stockholders' equity 590,000 390,000 245,000 Based on this information the company's return on equity is
The following information was drawn from the accounting records of Jones Company. (Round the percentage to 1 decimal pla Net sales $316,279 Net income 68,000 Average total assets Average total liabilities Average total stockholders' equity 590,000 390,000 245,000 Based on this information the company's return on equity is
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 37CE: Stockholder Profitability Ratios The following information pertains to Montague Corporation...
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Question
100%
![The following information was drawn from the accounting records of Jones Company. (Round the percentage to 1 decimal place
Net sales
Net income
$316,279
Average total assets
Average total liabilities
Average total stockholders' equity
68,000
590,000
390,000
245,000
Based on this information the company's return on equity is
es
Multiple Choice
The answer cannot be determined from the information provided.
27,8%.
21.5%.
< Prev
of 9
Score.answer >
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Transcribed Image Text:The following information was drawn from the accounting records of Jones Company. (Round the percentage to 1 decimal place
Net sales
Net income
$316,279
Average total assets
Average total liabilities
Average total stockholders' equity
68,000
590,000
390,000
245,000
Based on this information the company's return on equity is
es
Multiple Choice
The answer cannot be determined from the information provided.
27,8%.
21.5%.
< Prev
of 9
Score.answer >
aw
MacBook Air
FB
888
F7
F6
F5
F4
F3
F2
F1
&
%
$
8
@
6.
4
2
W
E
Q
G
H
D
F
S
この
![Based on this information the company's return on equity is
Multiple Choice
The answer cannot be determined from the information provided.
27.8%.
21.5%.
11,5%.
< Prev
of 9
Score.answer >
aw
MacBook Air
888
F8
20
F3
F2
F1
&
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#
$
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6.
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Transcribed Image Text:Based on this information the company's return on equity is
Multiple Choice
The answer cannot be determined from the information provided.
27.8%.
21.5%.
11,5%.
< Prev
of 9
Score.answer >
aw
MacBook Air
888
F8
20
F3
F2
F1
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5
6.
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