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Comparative balance sheets for softech canvas goods for

Comparative balance sheets for Softech Canvas Goods for 2011 and 2010 are shown below. Softech pays no dividends, and instead reinvests all earnings for future growth.

Required:

1. Determine the return on shareholders' equity for 2011.

2. What does the ratio measure?

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Accounting Basics: Comparative balance sheets for softech canvas goods for

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Accounting Basics: Comparative balance sheets for softech canvas goods for

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