ACC 306 Week 4 Exercise 18 24
in Accounting by purrfect
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ACC 306 Week 4 Exercise 18-24
E 1824 - Softech Canvas Goods - Profitability ratio ? LO1
Comparative balance sheets for Softech Canvas Goods for 2011 and 2010 are shown below. Softech pays no dividends, and instead reinvests all earnings for future growth.
Required:
1.Determine the return on shareholders equity for 2011.
- What does the ratio measure?
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