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Consider the following information from an income statement and balance sheet: NOI: $323,000 Interest Expense: $165,000 Total Current Assets: $98,396 Total Fixed Assets: $2,996,000 Total Liabilities & Capital: $3,094,396 Total Liabilities: 2,551,396 Calculate Return on Assets (round to nearest tenth of a percent) Calculate Return on Equity (round to nearest tenth of a percent)

Consider the following information from an income statement and balance sheet: NOI: $323,000 Interest Expense: $165,000 Total Current Assets: $98,396 Total Fixed Assets: $2,996,000 Total Liabilities & Capital: $3,094,396 Total Liabilities: 2,551,396 Calculate Return on Assets (round to nearest tenth of a percent) Calculate Return on Equity (round to nearest tenth of a percent)

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Consider the following information from an income statement and balance sheet: NOI: $323,000 Interest Expense: $165,000 Total Current Assets: $98,396 Total Fixed Assets: $2,996,000 Total Liabilities & Capital: $3,094,396 Total Liabilities: 2,551,396 Calculate Return on Assets (round to nearest tenth of a percent) Calculate Return on Equity (round to nearest tenth of a percent)
Transcribed Image Text:Consider the following information from an income statement and balance sheet: NOI: $323,000 Interest Expense: $165,000 Total Current Assets: $98,396 Total Fixed Assets: $2,996,000 Total Liabilities & Capital: $3,094,396 Total Liabilities: 2,551,396 Calculate Return on Assets (round to nearest tenth of a percent) Calculate Return on Equity (round to nearest tenth of a percent)
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