Question 7 (12 points] The following information is available for these companies: a) Complete the...
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Question 7 (12 points] The following information is available for these companies: a) Complete the schedule. Dylex Corporation Northstar Corp. Equity, December 31, 2013 $555,000 $732,000 Net income 2014 479,000 764,000 Dividends during 2014 109,000 398,000 Equity, December 31, 2014 Gulf Corp. $537,000 660,000 424,000 b) Calculate the return on equity for each company. ROE for Dylex Corporation = % ROE for Northstar Corp. = % ROE for Gulf Corp. = % c) Which company realized the greater return on their equity? (Select one) realized the greater return on their equity. Select one Dylex Corporation Northstar Corp. Gulf Corp
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