Problemthe rose company has net income of 165850 there are, Ask an Expert

Accounting

Problem:

The Rose Company has net income of $165,850. There are currently 31.85 days' sales in receivables. Total assets are $854,000, total receivables are $147,900, and the debt-equity ratio is 0.55.

Requirement:

Question: What is the company's ROE?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168150

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