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MAXImum [283]
3 years ago
6

The return on shareholders' equity for... Income statement: 2018 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,0

00 Balance sheets: 2018 2017 Accounts receivable $ 300,000 $ 200,000 Total assets 2,000,000 1,800,000 Total shareholders' equity 900,000 700,000 The return on shareholders' equity for 2018 is:______
Business
1 answer:
soldi70 [24.7K]3 years ago
3 0

Answer:

The return on shareholders' equity for 2018 is  22.2%

Explanation:

Return on Equity measures the Return earned by the owners investments in the company.

Return on Equity =  Net Income / Total Shareholders Funds × 100

                            =  200,000 / 900,000 ×100

                            =  22.2%

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1 year ago
Everybody should leave this app and go to question cove. You do not need any points to ask questions and you get correct answers
guajiro [1.7K]

Answer:

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3 years ago
Nita is a devoted Coca-Cola consumer, whereas Becky can drink either Coca-Cola or Pepsi products. Nita’s demand for Coca-Cola wi
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The answer is:

Inelastic

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