A companys sales revenue for the year is $1,000,000 and income before tax $100,000. Tax rate is
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Question:
A company’s sales revenue for the year is $1,000,000 and income before tax $100,000. Tax rate is 50%. Average total assets are $750,000. Average stockholders’ equity is $250,000. Return on stockholders’ equity is:
10.0% | ||
20.0% | ||
5.0% | ||
6.7 % |
Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
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