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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Profitability Ratios

The following data came from the financial statements of Israel Company:

Revenue $900,000 Assets $600,000

Expenses 600,000 Liabilities 100,000

Net income 300,000 Average equity 500,000

Required:

To determine

Introduction:

Profitability ratio measures the operations that add on to the profits of the company. profitability ratio helps to show how well a company uses its existing assets to generate more profit.

To find:

The return on equity of Israel company.

Explanation

Reurn on equity=Net incomeAverag

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