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What’s is the Return on Average Equity?

What’s is the Return on Average Equity?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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What’s is the Return on Average Equity?
2019 2018 Assets: 10,000 6,000 8,000 12,000 (4,000) $ 32,000 6,000 1,500 10,000 11,000 (2.000) $ 26,500 Cash Accounts Receivable Inventory Long-lived assets Less: Accumulated Total assets Liabilities and Accounts payable 5,000 1,000 10,000 12,000 4.000 32,000 5,000 2,000 10,000 6,000 3.500 26,500 Deferred revenues Long-term note payable Common stock Retained earnings Total liabilities and Income Statement For the year ended December 31, 2019 Revenues $ 42,000 Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) 24,000 2,000 3,000 2,000 9.000 Net income $ 2,000
Transcribed Image Text:2019 2018 Assets: 10,000 6,000 8,000 12,000 (4,000) $ 32,000 6,000 1,500 10,000 11,000 (2.000) $ 26,500 Cash Accounts Receivable Inventory Long-lived assets Less: Accumulated Total assets Liabilities and Accounts payable 5,000 1,000 10,000 12,000 4.000 32,000 5,000 2,000 10,000 6,000 3.500 26,500 Deferred revenues Long-term note payable Common stock Retained earnings Total liabilities and Income Statement For the year ended December 31, 2019 Revenues $ 42,000 Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) 24,000 2,000 3,000 2,000 9.000 Net income $ 2,000
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