Chapter 1.1, Problem 2AYU

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If total liabilities decreased by $75,000 and stockholders' equity increased by $15,000 during a period of time, then total assets must change by what amount and direction during that same period? a. $60,000 decrease b. $60,000 increase c. $75,000 increase d. $90,000 increase

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What asset turnover ratio is necessary to achieve an ROE of 18% ??

Rondeys assets turnover ratio for 2016 ?

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Sugar and More Company shows $170,000 worth of assets on its December 31, 2009, balance sheet. If the company's total liabilities are $53,200 what is the amount of owners' equity?