Utilizing the following information on the Smithwick Company,compute the firm's return on equity.
Net sales $ 12,750
Cost of sales 7,650
Gross margin $ 5,100
Operating expenses 3,165
Earnings before interest and taxes 1,935
Earnings before tax $1,700
Taxes (40%) 680
Earnings after tax $1,020
This solution is comprised of solution related with Return on Equity.
Earnings Smoothness, Average Returns, and Implied Cost of Equity
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