FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please help me with show all calculation thanku 

Condensed financial data are presented below for the Phoenix Corporation:
Accounts receivable
Inventory
Total current assets
Intangible assets
Total assets
Current liabilities
Long-term liabilities
Sales
Cost of goods sold
Interest expense
Income tax expense
Net income
Cash flow from operations
Cash flow from investing activities
Cash flow from financing activities
Tax rate
20X2
$
267,500
312,500
670,000
50,000
825,000
252,500
77,500
1,640,000
982,500
10,000
77,500
127,500
71,000
(6,000
(62,500
30
20X1
)
)
%
$ 230,000
257,500
565,000
60,000
695,000
200,000
75,000
If there is no preferred stock, the return on common equity for 20X2 is (rounded):
Multiple Choice
27.9%
25.8%
43.4%
41.4%
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Transcribed Image Text:Condensed financial data are presented below for the Phoenix Corporation: Accounts receivable Inventory Total current assets Intangible assets Total assets Current liabilities Long-term liabilities Sales Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate 20X2 $ 267,500 312,500 670,000 50,000 825,000 252,500 77,500 1,640,000 982,500 10,000 77,500 127,500 71,000 (6,000 (62,500 30 20X1 ) ) % $ 230,000 257,500 565,000 60,000 695,000 200,000 75,000 If there is no preferred stock, the return on common equity for 20X2 is (rounded): Multiple Choice 27.9% 25.8% 43.4% 41.4%
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