Account balances on December 31, 2020: Inventory $ 72,000 Net sales 450,000 Current assets 150,000 Cost of goods sold 290,000 Total liabilities 180,000 Net profit 35,400 Total assets 385,000 Current...

Account balances on December 31, 2020:<br>Inventory<br>$ 72,000<br>Net sales<br>450,000<br>Current assets<br>150,000<br>Cost of goods sold<br>290,000<br>Total liabilities<br>180,000<br>Net profit<br>35,400<br>Total assets<br>385,000<br>Current liabilities<br>75,000<br>Other information<br>Number of common shares outstanding<br>25,000<br>Inventory at January 1, 2020<br>48,000<br>what's the amount of return on equity<br>

Extracted text: Account balances on December 31, 2020: Inventory $ 72,000 Net sales 450,000 Current assets 150,000 Cost of goods sold 290,000 Total liabilities 180,000 Net profit 35,400 Total assets 385,000 Current liabilities 75,000 Other information Number of common shares outstanding 25,000 Inventory at January 1, 2020 48,000 what's the amount of return on equity

Jun 10, 2022

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Account balances on December 31, 2020: Inventory $ 72,000 Net sales 450,000 Current assets 150,000 Cost of goods sold 290,000 Total liabilities 180,000 Net profit 35,400 Total assets 385,000 Current...

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