Discussion
S&J Plumbing, Inc.'s 2010 income statement shows a net profit before tax of $468, whereas the balance sheet that the company's equity for the fiscal year-end 2010 is $1,746.
• Calculate the company's return on equity and explain whether the managers are providing a good return on the capital provided by the company's shareholders.
• Diagram and explain the operating cycle of a service company.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.