Company x has net sales revenue of 1250000 cost of goods

Reference no: EM13571632

Company X has net sales revenue of $1,250,000, cost of goods sold of $760,000, and all other expenses of $290,000. The beginning balance of stockholders' equity is $400,000 and the beginning balance of fixed assets is $361,000. The ending balance of stockholders' equity is $600,000 and the ending balance of fixed assets is $389,000. The return on equity (ROE) ratio is closest to?

Reference no: EM13571632

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