The following information in $ millions comes from the Annual Report of Saratoga Springs Company for the year ending :
Year ended
Net sales $
Cost of goods sold
Selling and administrative expense
Interest expense
Income before taxes
Net income
Cash and cash equivalents $ $
Receivables, net
Inventories
Land, buildings and equipment at cost net
Total assets $ $
Total current liabilities $ $
Longterm debt
Total liabilities $ $
Total stockholders' equity $ $
Required:
Compute the return on equity for for Saratoga Springs Company.
Note: Round your answer to decimal place, eg as The following information in $ millions comes from the Annual Report of Saratoga Springs Company for the year ending :
Required:
Compute the return on equity for for Saratoga Springs Company.
Note: Round your answer to decimal place, eg as
