Accountancy, asked by pranavoberoi4, 6 months ago

Question 2
Use the information provided to analyze the profitability of SDHS Co using the following ratios: return on equity

Sales $ 350,000
Gross profit 206,500
Net income 115,000
Interest expense 2,875
Average total assets 875,000
Average total shareholders' equity 500,000
Weighted-average common shares outstanding 25,000
The return on equity is?

Answers

Answered by safiaf8083
0

Explanation:

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23y2yy =  =  =  =  <  >  {352336 -  = }^{?}

Answered by smkchttrj
0

Answer:

23%

Explanation:

net income/shareholders equity

115000/500000= 0.23

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