How to calculate Return on Equity (ROE) with the given data, Benjamin Computer has the following income
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How to calculate Return on Equity (ROE) with the given data,
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Benjamin Computer has the following income statement and balance sheet. Sales Cost of goods sold Selling, general & admin expenses Depreciation Interest expense Taxes (30%) Net income Cash Receivables Inventory Net fixed assets Total Assets Accounts payable Other current liabilities Notes payable Long-term debt Total Equity Total Liabilities & Equity What is Benjamin's return on equity? 1,600,000 950,000 285,000 120,000 9,000 70,800 165,200 70,000 140,000 205,000 630,000 1,045,000 28,000 25,000 65,000 106,000 821,000 1,045,000 Benjamin Computer has the following income statement and balance sheet. Sales Cost of goods sold Selling, general & admin expenses Depreciation Interest expense Taxes (30%) Net income Cash Receivables Inventory Net fixed assets Total Assets Accounts payable Other current liabilities Notes payable Long-term debt Total Equity Total Liabilities & Equity What is Benjamin's return on equity? 1,600,000 950,000 285,000 120,000 9,000 70,800 165,200 70,000 140,000 205,000 630,000 1,045,000 28,000 25,000 65,000 106,000 821,000 1,045,000
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Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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