The following data was taken from the accounting records of Splish Brothers Corporation: Total assets Total...
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The following data was taken from the accounting records of Splish Brothers Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 2023 $974000 $866000 262000 244000 87600 87600 308000 308000 316400 226400 The return on assets for 2024 is 168000 26500 996000 + The return on equity for 2024 is The following data was taken from the accounting records of Splish Brothers Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 2023 $974000 $866000 262000 244000 87600 87600 308000 308000 316400 226400 The return on assets for 2024 is 168000 26500 996000 + The return on equity for 2024 is
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To calculate the return on assets ROA for 2024 you need to divide the net income by the average tota... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
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