Return on Equity and net profit margin
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Revenues $190,000
Supplies Expense $45,000
Salaries $70,000
Rent Expense $1,500
Accounts Payable $8,000
Administrative Expense $6,000
Cash collections from prior year's sales $10,000
If an organization has equity of $500,000, what is its return on equity (ignoring taxes)? What is its net profit margin?
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Solution Summary
This helps in computation of Return on Equity and net profit margin.
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Revenues $190,000
Supplies Expense $45,000
Salaries $70,000
Rent Expense $1,500
Accounts Payable $8,000
Administrative Expense $6,000
Cash collections ...
Purchase this Solution
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