During 20Y5, Cone Corporation reports average total assets of $175,000, sales revenues of $218,750, and net income of $35,000. Throughout 20Y5, Cone's debt to equity ratio was 1.65. What is Cone's return on equity in 20Y5? Round to the nearest whole number and do not enter a percent sign or a decimal point (e.g., enter 89, not 89.0% or 0.89).

During 20Y5, Cone Corporation reports average total assets of $175,000, sales revenues of $218,750, and net income of $35,000. Throughout 20Y5, Cone's debt to equity ratio was 1.65. What is Cone's return on equity in 20Y5? Round to the nearest whole number and do not enter a percent sign or a decimal point (e.g., enter 89, not 89.0% or 0.89).

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 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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