Question: Current Attempt in Progress The following data was taken from the accounting records of Blue Spruce Corporation: 2024 2023 Total assets $980000 $899000 Total

Current Attempt in Progress The following data was taken from the accounting

Current Attempt in Progress The following data was taken from the accounting records of Blue Spruce Corporation: 2024 2023 Total assets $980000 $899000 Total liabilities 264000 247000 Preferred shares 94200 94200 Common shares 303000 303000 Retained earnings 318800 254800 Additional data: Net income 157000 Interest expense 25700 Sales revenue 989000 The return on assets for 2024 is 17.7% 19.7% 18.7% 16.7%

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