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Business, 06.03.2020 19:05 Redhead667

In 2016, Turnpoint Inc. had net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Turnpoint Inc. had net income of $700,000, assets of $4,000,000, sales of $1,300,000, and debt of 2,000,000. Did Turnpoint Inc’s return on equity improve from 2016 to 2017?

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In 2016, Turnpoint Inc. had net income of $400,000, assets of $5,000,000, sales of $2,000,000, and d...
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