Question: Comparative balance sheets for Softech Canvas Goods for 2024 and 2023 are shown below. Softech pays no dividends and instead reinvests all earnings for future

Comparative balance sheets for Softech Canvas Goods for 2024 and 2023 are shown below. Softech pays no dividends and instead reinvests all earnings for future growth.

Comparative Balance Sheets ($ in thousands) Assets: Cash Accounts receivable Short-term investments

Inventory Property, plant, and equipment (net) December 31 2024 $ 50 100

Required:
1. Determine the return on shareholders’ equity for 2024.
2. What does the ratio measure?

Comparative Balance Sheets ($ in thousands) Assets: Cash Accounts receivable Short-term investments Inventory Property, plant, and equipment (net) December 31 2024 $ 50 100 50 200 600 $1,000 2023 $ 40 120 40 140 550 $890

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