Test: Test 3- Chapter 17, 18 and 19 Time 2 pts This Test: 38 pts pos Statements

Question

Test: Test 3- Chapter 17, 18 and 19 Time 2 pts This Test: 38 pts pos Statements EE (Click the icon to view the inancial statements.) Comparative Balance Shoot O A. normal. O B. average O C. weak O D. strong. Assets Cash and Cash Equivalents Acoounts Receivable Merchandise Inventory Pnpaid Expenses Total Cument Assets $ 2286 S 1,851 1,934 1,715 1326 1,074 1,588 134668 7,01616.277 24,150 S 22,975 Other Assets Total Assets $ 7290 8.492 4.967 Current Liabilities 3,316 Long-term Liablities Print Done

Explanation / Answer

Return on stockholder's equity = Net income*100/average common stockholder's equity

                                              = 3991*100/11535

Return on stockholder's equity = 34.60%

So answer is d) Strong

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