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Use This Balance Sheet and Income Statement for the First

Question 19

Multiple Choice

Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. -The return on equity for Cane Construction is A) 62.5 percent. B) 43.2 percent. C) 84 percent. D) 60 percent.
Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. -The return on equity for Cane Construction is A) 62.5 percent. B) 43.2 percent. C) 84 percent. D) 60 percent.

-The return on equity for Cane Construction is


A) 62.5 percent.
B) 43.2 percent.
C) 84 percent.
D) 60 percent.

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