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Selected balance sheet and income statement information from Easton's, Inc. follows ($ millions). 2017 Net 2017 2016 2017 2016 2017 Stock- Operating Profit Net Net Stock- 2017 Sales holders' Equity Net Operating Assets Operating Assets holders' Company Income After Tax Equity Easton's... $16,079 $834 $832 $3,389 $3,205 $4,425 $4,115 Compute the 2017 return on equity (ROE). 5.21% 19.10% а. b. c. 19.53% d. 18.85%

Selected balance sheet and income statement information from Easton's, Inc. follows ($ millions). 2017 Net 2017 2016 2017 2016 2017 Stock- Operating Profit Net Net Stock- 2017 Sales holders' Equity Net Operating Assets Operating Assets holders' Company Income After Tax Equity Easton's... $16,079 $834 $832 $3,389 $3,205 $4,425 $4,115 Compute the 2017 return on equity (ROE). 5.21% 19.10% а. b. c. 19.53% d. 18.85%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...
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Selected balance sheet and income statement information from Easton's, Inc. follows ($ millions). 2017 Net 2017 2016 2017 2016 2017 Stock- Operating Profit Net Net Stock- 2017 Sales holders' Equity Net Operating Assets Operating Assets holders' Company Income After Tax Equity Easton's... $16,079 $834 $832 $3,389 $3,205 $4,425 $4,115 Compute the 2017 return on equity (ROE). 5.21% 19.10% а. b. c. 19.53% d. 18.85%
Transcribed Image Text:Selected balance sheet and income statement information from Easton's, Inc. follows ($ millions). 2017 Net 2017 2016 2017 2016 2017 Stock- Operating Profit Net Net Stock- 2017 Sales holders' Equity Net Operating Assets Operating Assets holders' Company Income After Tax Equity Easton's... $16,079 $834 $832 $3,389 $3,205 $4,425 $4,115 Compute the 2017 return on equity (ROE). 5.21% 19.10% а. b. c. 19.53% d. 18.85%
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