Company X Has Net Sales Revenue of $1,250,000,cost of Goods

question 168

Essay

Company X has net sales revenue of $1,250,000,cost of goods sold of $760,000,and all other expenses of $290,000.The beginning balance of stockholders' equity is $400,000 and the beginning balance of fixed assets is $361,000.The ending balance of stockholders' equity is $600,000 and the ending balance of fixed assets is $389,000.
Required:
Compute the return on equity (ROE)ratio.

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Definitions:

Communication Channel

The medium through which a message is transmitted from sender to receiver, such as email, phone, or face-to-face interaction.

Intrusive

Invading someone's space or privacy in an unwelcome and often annoying manner.

E-mail

An electronic method for one computer user to send messages to a single or multiple recipients through a network.

Application Form

A document designed to gather information from individuals for the purpose of evaluation for a specific opportunity or service.