What is the return on equity, Accounting Basics

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What is the return on equity

The records of ZZZZ Better Corporation include the following:

Average total assets $60,000
Average total liabilities $45,000
Total revenue $107,600
Total expense (including income tax) $104,000

what is the return on equity (round to the nearest percent)

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Accounting Basics: What is the return on equity

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Accounting Basics: What is the return on equity

Reference No:- TGS080169

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the taxpayer basis for the acquired stock

Q : What is the recognized gain-loss

Q : What was the return on assets

Q : How maintenance-housekeeping help-attain goal of production

Q : What is the return on equity

Q : On tax return what should bruce report

Q : Estimate the cost of overhauling

Q : What is the effect on earnings in the year

Q : Modified adjusted gross income

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the return on equity

Reference No:- TGS080169

Recent Questions Asked Accounting Basics

Q : What is the taxpayer basis for the acquired stock

Q : What is the recognized gain-loss

Q : What was the return on assets

Q : How maintenance-housekeeping help-attain goal of production

Q : What is the return on equity

Q : On tax return what should bruce report

Q : Estimate the cost of overhauling

Q : What is the effect on earnings in the year

Q : Modified adjusted gross income

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