Cordoza Corporation had profit of $400,000 in 2021. Total shareholders' equity was $1,400,000 at December 31, 2019; $1,5
Posted: Wed Mar 09, 2022 8:19 am
Cordoza Corporation had profit of $400,000 in 2021. Total
shareholders' equity was $1,400,000 at December 31, 2019;
$1,500,000 at December 31, 2020; and $1,600,000 at December 31,
2021.
Instructions
Calculate return on equity for 2021 and explain what it means.
shareholders' equity was $1,400,000 at December 31, 2019;
$1,500,000 at December 31, 2020; and $1,600,000 at December 31,
2021.
Instructions
Calculate return on equity for 2021 and explain what it means.