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The Following Selected Data Were Taken from the Financial Statements

Question 89

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The following selected data were taken from the financial statements of the Winter Group for the three most recent years of operations:​ The following selected data were taken from the financial statements of the Winter Group for the three most recent years of operations:​ The Year 3 net income was $242,000, and the Year 2 net income was $308,000. No dividends on common stock were declared during the three years.​ (a)Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for Years 2 and 3. Round to one decimal place. (b)What conclusion can be drawn from these data as to the company's profitability? The Year 3 net income was $242,000, and the Year 2 net income was $308,000. No dividends on common stock were declared during the three years.​
(a)Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for Years 2 and 3. Round to one decimal place.
(b)What conclusion can be drawn from these data as to the company's profitability?

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(a)Return on Total Assets =
(Net Income...

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