Calculate the return on assets given the following information: common shares outstanding = 250,000; earning per share
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Question:
Calculate the return on assets given the following information: common shares outstanding = 250,000; earning per share = $2.00; total assets = $2,000,000; total equity = $800,000.
A. 21%
B. 22%
C. 23%
D. 24%
E. 25%
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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