The following data came from the financial statements of the Bradshaw Company: Revenue .......... $900,000 Expenses ..........

Question:

The following data came from the of the Bradshaw Company:
Revenue .......... $900,000
Expenses .......... 600,000
Net income ......... 300,000
Assets ........... 600,000
Liabilities ........... 100,000
Average Equity ........ 500,000

Required:
Compute the return on equity.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...