Question 22 The Dennis Company reported net income of $66,000 on sales of $460,000. The company has average total assets of $740,000 and average total liabilities of $260,000. What is the company's return on equity ratio? 8.9% 25.38% 13.8% 14.3%
Added by Denise J.
Step 1
Equity = Total Assets - Total Liabilities Equity = $740,000 - $260,000 Equity = $480,000 Show more…
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