Problem

Evaluating profitabilityLofty Exploration Company reported these figures for 2012 and 2011...

Evaluating profitability

Lofty Exploration Company reported these figures for 2012 and 2011:

Requirements

1. Compute rate of return on total assets and rate of return on common stockholders’ equity for 2012.
2. Do these rates of return suggest strength or weakness? Give your reason.

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Solutions For Problems in Chapter 12

45CP

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