Calculate return on common equity and times interest earned

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Reference no: EM131318555

The balance sheet for Schultz Bone Company at December 31, 2011 had the following account balances:

Income before income tax was $200,000, and income taxes were $80,000 for the current year.

Required

Calculate each of the following:

a. Return on assets (using ending assets)

b. Return on total equity (using ending total equity)

c. Return on common equity (using ending common equity)

d. Times interest earned.

Reference no: EM131318555

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