Comparative balance sheets for Softech Canvas Goods for 2018 and 2017 are shown below. Softech pays...

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Comparative balance sheets for Softech Canvas Goods for 2018 and 2017 are shown below. Softech pays no dividends, and instead

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Answer 1

Answer #1

Answer - 26.02%

Return on shareholder's equity
Net Income / Average Equity
=(190/730) *100
26.02%

Net income for 2018	$190	420-230
Average equity = Opening Equity + Closing Equity/2	$730	(730+730) /2

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Answer 2

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