Computing Return on Equity Selected 2020 balance sheet and annual income statement information for a company...
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Computing Return on Equity Selected 2020 balance sheet and annual income statement information for a company ($ millions) follows. Account Amount Sales $24,502 Net income 2,464 Total assetS 19,280 Average stockholders' equity 13,219 Enter the answer rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. Return on equity Computing Return on Equity Selected 2020 balance sheet and annual income statement information for a company ($ millions) follows. Account Amount Sales $24,502 Net income 2,464 Total assetS 19,280 Average stockholders' equity 13,219 Enter the answer rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. Return on equity
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The Return On Equity ratio measures the rate of return that the owners of common st... View the full answer
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