Academy Driving School reported the following in its financial statements: Calculate 2014 EPS and ROE. Another driving

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Academy Driving School reported the following in its financial statements:

2014 2013 Number of common shares Net income Cash dividends paid on common shares Total shareholders' equity 1,500ו 500

Calculate 2014 EPS and ROE. Another driving school in the same city reported a higher net income ($45,000) in 2014, yet its EPS and ROE ratios were lower than those for the Academy Driving School. Explain how this apparent inconsistency could occur?

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Fundamentals of Financial Accounting

ISBN: 978-1259103292

4th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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Question Posted: Dec 13, 2017 02:44 AM

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Academy Driving School reported the following in its financial statements: Calculate 2014 EPS and ROE. Another driving

Question:

2014 2013 Number of common shares Net income Cash dividends paid on common shares Total shareholders' equity 1,500ו 500,וו $ 18,000 3,000 $220,000 $ 23,000 $ 3,000 $240,000

Step by Step Answer:

EPS Net Income Average Number of Common Shares Outstanding 23000 2...View the full answer

Fundamentals of Financial Accounting

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