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Nicco Corporation Had the Following Accounts at January 1, 2021

Question 78

Essay

Nicco Corporation had the following accounts at January 1, 2021: Nicco Corporation had the following accounts at January 1, 2021: The company has profit of $ 79,000 in 2021 and paid $ 85,000 in dividends. Instructions a) Calculate the return on equity at December 31, 2021. b) What does this ratio tell you about the corporation? The company has profit of $ 79,000 in 2021 and paid $ 85,000 in dividends.
Instructions
a) Calculate the return on equity at December 31, 2021.
b) What does this ratio tell you about the corporation?

Correct Answer:

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a) Beginning balance in shareholders' eq...

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