Business, 28.10.2020 17:00, sebby33

Income statement: 20X2 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,000 Balance sheets: 20X2 20X1 Accounts receivable $ 300,000 $ 200,000 Total assets 2,000,000 1,800,000 Total shareholders' equity 900,000 700,000 The return on shareholders' equity for 20X2 is: Multiple Choice 20% 8% 22.22% 25%

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Income statement: 20X2 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,000 Balance she...