Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 15 - Financial Statement Analysis - The Foundational 15 - Required - Page 698: 5

Answer

28%

Work Step by Step

The return on equity: $\frac{92.400}{(320.000+340.000)/2}=28$%
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