Reference no: EM132590940
Question - Missoula Inc. reported the following selected financial statement data:
Dec 31, 2020 Dec 31, 2021
Cash $36,000 $41,000
Accounts receivable (net) 54,000 64,000
Inventory 74,000 78,000
Plant assets (net) 216,000 230,000
Total assets 423,000 407,000
Liabilities 151,000 151,000
Shareholders' equity 272,000 256,000
Net sales 346,000 412,000
Cost of goods sold 226,000 292,000
Net income 26,000 26,390
Required - Compute the return on equity for 2021.
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Compute the return on equity
: Missoula Inc. reported the following selected financial statement data: Cash $36,000 $41,000. Compute the return on equity
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