Question

The following is selected financial information for Lee Incorporated:
Required
a. Calculate the return on equity for Lee Incorporated for 2012 and 2011. Round percentages to one decimal point (i.e., 9.4%).
b. Calculate the dividend payout ratio for 2012 and 2011. Round percentages to one decimal point (i.e., 9.4%).
c. Compare the financial performance for the two years and comment on which year was more successful, based on these measures, and possible reasons why.


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  • CreatedJuly 16, 2015
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