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Archy [21]
2 years ago
13

Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's return on equity ratio for 2020 is ________

__. (Please keep in mind that when a ratio involves both income statement and balance sheet numbers, the balance sheet numbers for the beginning and end of the year must be averaged.)
Business
1 answer:
neonofarm [45]2 years ago
3 0

Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's return on equity ratio for 2020 is 26.5 percent. This is further explained below.

<h3>What are financial statements?</h3>

Generally, financial statements are simply defined as the purpose of financial statements to provide information about a company's operations and financial performance in writing.

In conclusion, A review of Flathead Lake Manufacturing Company's audited financial statements. A 26.5 percent return on equity is expected from the company in 2020.

Read more about financial statements

brainly.com/question/14951563

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