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:

Paxil

Paxil is a medication known generically as paroxetine, used primarily to treat depression, anxiety disorders, and other mental health conditions.

Prozac

A brand name for fluoxetine, a selective serotonin reuptake inhibitor (SSRI) used to treat depression, obsessive-compulsive disorder, and other conditions.

Depression

A psychological condition marked by a consistently low mood or a lack of enjoyment in activities, leading to substantial difficulties in everyday functioning.

Psychiatrist

Psychiatrist is a medical doctor specializing in the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders, including prescribing medications.