Given the following data, compute the 2017 return on equity ratio (expressed as a percentage with one
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Given the following data, compute the 2017 return on equity ratio (expressed as a percentage with one decimal place).
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2017 2016 Net Income $ 1,850,000 $ 1,600,000 Shareholders' Equity Total Assets 10,000,000 13,125,000 24,000,000 26,000,000 Interest Expense 400,000 300,000
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259269868
5th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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