Rockwell Littner Corp. has the following information taken from its financial statements (in thousands). Calculate the...
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Rockwell Littner Corp. has the following information taken from its financial statements (in thousands). Calculate the company's ROE for the 12 months ended 31-Dec-2020 using equity from the prior period. (Answer in percentage points to the nearest first decimal, so 10.5% would be "10.5") Revenue 31-Dec-2020 31-Dec-2019 50,000 47,000 Cost of Goods Sold 29,000 27,500 Selling, General, & 12,000 11,500 Administrative Depreciation & Amortization 2,500 2,300 Interest Expense 1,250 1,240 Taxes 1,050 892 Net Income 4,200 3,568 Cash 6,000 5,800 Total Current Assets 16,000 14,000 Total Assets 42,000 35,800 Total Current Labilities 5,500 6,500 Total Liabilities 27,800 25,800 Shareholders' Equity 14,200 10,000 Gross Investment in Fixed Assets 575 475 Increase in L-T Debt 3,000 1,500 Rockwell Littner Corp. has the following information taken from its financial statements (in thousands). Calculate the company's ROE for the 12 months ended 31-Dec-2020 using equity from the prior period. (Answer in percentage points to the nearest first decimal, so 10.5% would be "10.5") Revenue 31-Dec-2020 31-Dec-2019 50,000 47,000 Cost of Goods Sold 29,000 27,500 Selling, General, & 12,000 11,500 Administrative Depreciation & Amortization 2,500 2,300 Interest Expense 1,250 1,240 Taxes 1,050 892 Net Income 4,200 3,568 Cash 6,000 5,800 Total Current Assets 16,000 14,000 Total Assets 42,000 35,800 Total Current Labilities 5,500 6,500 Total Liabilities 27,800 25,800 Shareholders' Equity 14,200 10,000 Gross Investment in Fixed Assets 575 475 Increase in L-T Debt 3,000 1,500
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