Assume that Pembrook Industries, Inc., has the following data: Net income for 2016 ................................... $ 104,000 Total

Question:

Assume that Pembrook Industries, Inc., has the following data:

Net income for 2016 ................................... $ 104,000

Total stockholders equity. 12/31/2016 .............. $ 935.000

Total stockholder's equity, 12/31/2015 .............. $ 889,000

Requirements

1. Calculate Pembrook Industries' return on equity for 2016.

2. Comment on Pembrook Industries' performance during 2016 assuming that the industry average is between 8 percent and 10 percent?

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Nov 17, 2017 09:11 AM

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Assume that Pembrook Industries, Inc., has the following data: Net income for 2016 ................................... $ 104,000 Total

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1 2 Pembrook Industries Incs return on equity of 11...View the full answer

Financial Accounting

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