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Question - Sheffield Consulting started the year with total assets of $59800 and total liabilities of $15100. During the year, the business recorded $47400 in consulting revenues and $29900 in expenses. Sheffield made an additional investment of $9400 and withdrew cash of $14500 during the year. Owner's equity changed by what amount from the beginning of the year to the end of the year?
a. $3300.
b. $15700.
c. $12400.
d. $44700.
Calculate average total assets, net income, roi, roe. Firm M has a margin of 9% , turnover of 1.6, sales of $800,000 and average stockholders’ equity of $360,000. Calculate Firm M's average total assets, net income, ROI and ROE
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