The following is balance sheet and income statement for Florist and flowers. Total Current Assets Net...

 

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The following is balance sheet and income statement for Florist and flowers. Total Current Assets Net Fixed Assets Total Assets Total Current Liabilities Long Term Debt Total Liabilities Florist and flowers Balance Sheets December 31, 2022 Assets Liabilities Stockholders' Equity Common stock and paid-in surplus Retained Earnings Total Stockholder Equity Total Stockholder Equity and Total Liabilities 2020 AED 622,000 1,420,000 2,042,000 510,000 130,000 640,000 1,055,000 347.000 1,402.000 2,042,000 Sales Interest Expense Income Before Tax Income Tax Expense Florist and flowers Income Statements. December 31, 2022 Net Income (a) Calculate the return on equity. 2022 AED 339,500 64,000 275,500 110,200 165,300 Dll (3 marks) (b) Intepret Florist and flowers's performance in terms of the calculated return on equity. mark) The following is balance sheet and income statement for Florist and flowers. Total Current Assets Net Fixed Assets Total Assets Total Current Liabilities Long Term Debt Total Liabilities Florist and flowers Balance Sheets December 31, 2022 Assets Liabilities Stockholders' Equity Common stock and paid-in surplus Retained Earnings Total Stockholder Equity Total Stockholder Equity and Total Liabilities 2020 AED 622,000 1,420,000 2,042,000 510,000 130,000 640,000 1,055,000 347.000 1,402.000 2,042,000 Sales Interest Expense Income Before Tax Income Tax Expense Florist and flowers Income Statements. December 31, 2022 Net Income (a) Calculate the return on equity. 2022 AED 339,500 64,000 275,500 110,200 165,300 Dll (3 marks) (b) Intepret Florist and flowers's performance in terms of the calculated return on equity. mark)

Answer rating: 100% (QA)

a Calculate the return on equity ROE Given Net Income AED 165300 Stockholders Equity End of period A... View the full answer