The Jamestown Group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. What is the return on equity? a. 8.87 percent b. 6.19 percent c. 11.29 percent d. 10.27 percent e. 9.37 percent

The Jamestown Group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. What is the return on equity? a. 8.87 percent b. 6.19 percent c. 11.29 percent d. 10.27 percent e. 9.37 percent

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 33MCQ: Selected information for Berry Company is as follows: Berrys return on equity rounded to the nearest...

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hello teacher please solve questions financial accounting

The Jamestown Group has equity of $421,000, sales of $792,000, and a
profit margin of 6 percent. What is the return on equity?
a. 8.87 percent
b. 6.19 percent
c. 11.29 percent
d. 10.27 percent
e. 9.37 percent

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