Consider the following partial income statements and balance sheets for Lillard Corp. For the year ended December 31, Net income Less income attributable to noncontrolling interests Net income attributable to Lillard Corp. Lillard Corp. shareholders' equity Noncontrolling interests Total equity What is Lillard's return on equity for 2024? O 11.7% O 11.5% O 12.3% O 11.9% O 11.1% 2024 108,000 7,600 2023 113,000 5,700 100,400 107,300 Dec. 31, 2024 Dec. 31, 2023 861,000 888,000 32,400 30,600 893,400 918,600
Consider the following partial income statements and balance sheets for Lillard Corp. For the year ended December 31, Net income Less income attributable to noncontrolling interests Net income attributable to Lillard Corp. Lillard Corp. shareholders' equity Noncontrolling interests Total equity What is Lillard's return on equity for 2024? O 11.7% O 11.5% O 12.3% O 11.9% O 11.1% 2024 108,000 7,600 2023 113,000 5,700 100,400 107,300 Dec. 31, 2024 Dec. 31, 2023 861,000 888,000 32,400 30,600 893,400 918,600
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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