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Other Fields Homework Help Accounting Topic started by: tivo on Feb 21, 2017



Title: Based on the following information, in which year did the company have the best return on ...
Post by: tivo on Feb 21, 2017
Based on the following information, in which year did the company have the best return on equity?

   Year 1   Year 2   Year 3
Sales   $3,000,000   $2,000,000   $1,000,000
Net Income   $500,000   $500,000   $500,000
Average Common
Stockholders' Equity   $2,500,000   $2,380,952   $2,272,727

A) Year 1
B) Year 2
C) Year 3
D) The company had the same return on equity all three years. No year is better than another.


Title: Re: Based on the following information, in which year did the company have the best return on ...
Post by: largerthanlife on Feb 21, 2017
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Title: Re: Based on the following information, in which year did the company have the best return on ...
Post by: tivo on Apr 10, 2017
I appreciate it once again, answered correctly