FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
9th Edition
ISBN: 9781119598312
Author: Kimmel
Publisher: WILEY C
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Chapter 5, Problem 5.8BE

Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets, cost of goods sold, depreciation expense, and sales returns and allowances.

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A firm has a debt to equity ratio of 40%, debt of $350,000, and net income of $95,000. The return on equity is_. a. 16.32% b. 15.89% c. 30.12% d. 10.86% e. None of the above.
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