If Two Services Have the Same Return on Equity They

question 1

True/False

If two services have the same return on equity they will have the same return on sales.

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Definitions:

Normal Balances

The side (debit or credit) of an account that is expected to have a higher balance given the account type's role in accounting.

Ledger

A book or collection of financial accounts in which the two-fold effect of transactions are recorded.

Journal

An accounting record where financial transactions are entered in chronological order before being posted to accounts in the general ledger.