Question: Academy Driving School reported the following amounts in its financial

Academy Driving School reported the following amounts in its financial statements:
Calculate EPS and ROE for Year 2. Another driving school in the same city reported a higher net income ($ 45,000), yet its EPS and ROE ratios were lower than those for the Academy Driving School. Explain how this apparent inconsistency could occur.

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  • CreatedNovember 02, 2015
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