The following is for Sophia’s Toy Co.:   2024 2023…

The following is for Sophia’s Toy Co.:   2024 2023 Total assets $ 600,000 $400,000 Total liabilities $ 200,000 $  50,000 Common shares $ 100,000 $ 100,000 Retained earnings $ 300,000 $ 250,000 Net income $ 75,000 $ 50,000           Calculate the Return on Equity in 2024?

You and your spouse are about to relocate to a new city and…

You and your spouse are about to relocate to a new city and need to find housing. Since the new job is only temporary and you do not plan on staying for longer than 1 year, which of the following would be the wisest decision regarding renting or buying for living arrangements?