RRN Corporation lists the following accounts as part of its balance sheet:
Total assets P10,000,000
Accounts payable 2,000,000
Notes payable 1,000,000
Long-term debt 3,000,000
Common stock at par 1,000,000
Contributed capital in excess of par 500,000
Retained earnings 2,500,000__
Compute the return on owners’ equity if the company has
sales of 20 million and the following net profit margin:
1. 3 percent
2. 5 percent



It is, therefore, shown as capital on liabilities side of the balance sheet It refers to the money or money's worth introduced or invested by the proprietor in the business. It is the excess of assets over liabilities. It is also called as owner's equity.


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