Archibald's Trucking Inc., a moving company, reported the following account balances for 2016, 2015, and 2014: Instructions

Question:

Archibald's Trucking Inc., a moving company, reported the following account balances for 2016, 2015, and 2014:

2015 2014 2016 Net income Shareholders' equity Preferred dividends $ 782,569 7.587,456 43.000 $ 657,235 6.025.368 43,000

Instructions
1. Calculate the return on common shareholders' equity for 2016 and 2015.
2. Has the ratio improved or declined over the years? Do you have enough information to determine whether Archibald's Trucking is performing to standard? If you do not have enough information, what additional information is needed to make this determination?

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Related Book For  book-img-for-question

Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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