The following data was taken from the accounting records of Splish Brothers Corporation: 2024 2023...
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Accounting
The following data was taken from the accounting records of Splish Brothers Corporation: 2024 2023 Total assets $951000 $851000 Total liabilities 251000 241000 Preferred shares 75100 75100 Common shares 301000 301000 Retained earnings 323900 233900 Additional data: Net income 141000 Interest expense 25100 sales revenue 981000 the return on equity for 2024 is a. 26.6% b. 21.5% c. 20.0% d. 46.0%
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