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Question: + Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets Accounts payable Notes payable Long-term debt Common stock Retained earnings 4,630 4,680 320 280 400 300 1,100 1,400 1,200 980 1,610 1,720 Total liabilities and equity 4,630 4,680 Income statement Year 2015 Sales COGS Depreciation Interest Taxes Net income 6,230 4,720 440 75 350 645 Number of shares outstanding 100 What is the return on equity for 2015? a. 0.24 b. 1.33 c. 0.10 d. 3.38 e. 0.04

Question: + Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets Accounts payable Notes payable Long-term debt Common stock Retained earnings 4,630 4,680 320 280 400 300 1,100 1,400 1,200 980 1,610 1,720 Total liabilities and equity 4,630 4,680 Income statement Year 2015 Sales COGS Depreciation Interest Taxes Net income 6,230 4,720 440 75 350 645 Number of shares outstanding 100 What is the return on equity for 2015? a. 0.24 b. 1.33 c. 0.10 d. 3.38 e. 0.04

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.10E
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Question: + Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets Accounts payable Notes payable Long-term debt Common stock Retained earnings 4,630 4,680 320 280 400 300 1,100 1,400 1,200 980 1,610 1,720 Total liabilities and equity 4,630 4,680 Income statement Year 2015 Sales COGS Depreciation Interest Taxes Net income 6,230 4,720 440 75 350 645 Number of shares outstanding 100 What is the return on equity for 2015? a. 0.24 b. 1.33 c. 0.10 d. 3.38 e. 0.04
Transcribed Image Text:Question: + Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets Accounts payable Notes payable Long-term debt Common stock Retained earnings 4,630 4,680 320 280 400 300 1,100 1,400 1,200 980 1,610 1,720 Total liabilities and equity 4,630 4,680 Income statement Year 2015 Sales COGS Depreciation Interest Taxes Net income 6,230 4,720 440 75 350 645 Number of shares outstanding 100 What is the return on equity for 2015? a. 0.24 b. 1.33 c. 0.10 d. 3.38 e. 0.04
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