ACC 306 Week 4 E 18-24 Softech Canvas Goods - Comparative balance sheets for Softech Canvas Goods for 2011 and 2010 are shown below

E 18–24 - Softech Canvas Goods - Profitability ratio ● LO1

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.

Required:

1.            Determine the return on shareholders’ equity for 2011.

2.            What does the ratio measure?

Click here: ACC 306 Week 4 E 18-24 Softech Canvas Goods - Comparative balance sheets for Softech Canvas Goods for 2011 and 2010 are shown below