An analyst has gathered the following information on Thermofisher Corporation: 2021: Sales = $9,200, Net Income =
Fantastic news! We've Found the answer you've been seeking!
Question:
An analyst has gathered the following information on Thermofisher Corporation:
2021: Sales = $9,200, Net Income = $1,600, Total Assets = $21,000
2022: Sales = $9,800, Net Income = $1,700, Total Assets = $22,000
Assuming an Equity Multiplier of 2.50, the 2022
calculate Return on Equity (ROE).
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date: