Real Estates Corp. has shareholders equity equal to 60% of total liabilities and stockholders equity of P120,000.000.

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If the return on total assets invested registers at 0%, what is the return on shareholder's equity?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Apr 11, 2023 12:16 AM

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Real Estates Corp. has shareholders equity equal to 60% of total liabilities and stockholders equity of P120,000.000.

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Expert Answer:

To calculate the total liabilities TL we can use the shareholders equity ratio formula Shareholders ... View the full answer

Intermediate Accounting

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