Question: Midterm 2: Modules 4, 5 and 6 (chs. 9, 10,11) (i) Saved The following information was drawn from the accounting records of Jones Company. Note:

Midterm 2: Modules 4, 5 and 6 (chs. 9, 10,11) (i) Saved The following information was drawn from the accounting records of Jones Company. Note: Round the percentage to 1 decimal place. Net sales $342,857 Net income 60,000 Average total assets 550,000 Average total liabilities 325,000 Average total stockholders' 225,000 equity Based on this information the company's return on equity is Multiple Choice The answer cannot be determined from the information provided. 26.7% 10.9%. 17.5%

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