Lauer company reported net income


Lauer Company reported net income of $66,800 on sales of $300,000. The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio? 10.0%, 12.5%, 16.7% or 50.0%?

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Accounting Basics: Lauer company reported net income
Reference No:- TGS0556704

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