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__
P10,000,000
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

Answers

answer:

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.

Explanation:

for who finding this question pls subscribe to my channel mirae story gacha club



Do you know the answer?

Other questions on the subject: Math

Math, 28.10.2019, pataojester10
answer:2 times Step-by-step explanation:...Read More
2 more answers