Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
tivo tivo
wrote...
Go to Answer
Posts: 1776
Rep: 1 0
7 years ago
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.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 80 times
2 Replies
Replies
Answer verified by a subject expert
largerthanlifelargerthanlife
wrote...
#1
Top Poster
Posts: 939
Rep: 33 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

tivo Author
wrote...
#2
7 years ago
I appreciate it once again, answered correctly
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1296 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 325
  
 193
  
 758