Chapter 22, Problem 21QS

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My problem with accounting question

My problem with accounting question

Please show me the correct approach to solving this financial accounting question with proper techniques.

What is the correct answer with accounting

Pizza Ventures has a net income of $58,200 and total equity of $145,500. What is the ROE? A)38.2% B) 41.5% C)40.0% D) 43.2%

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Armani Textiles has average accounts receivable of $120,000 and annual sales of $960,000. What is the DSO, assuming a 360-day year? A) 38 days B) 42 days C) 45 days D) 36 days