Problem: Softech Canvas Goods - Profitability ratio
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.
Task:
• Determine the return on shareholders' equity for 2011.
• What does the ratio measure?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.