Wildwood, Inc. reports net income of $160,000, net sales of $380,000, average total assets of $940,000 and average total liabilities of $450,000. Calculate return on equity. a. 17.0% b. 32.7% c. 35.6% d. 77.6%

Wildwood, Inc. reports net income of $160,000, net sales of $380,000, average total assets of $940,000 and average total liabilities of $450,000. Calculate return on equity. a. 17.0% b. 32.7% c. 35.6% d. 77.6%

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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