A companys sales revenue for the year is $1,000,000 and income before tax $100,000. Tax rate is

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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 %

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Principles of Accounting

ISBN: 978-0618736614

10th edition

Authors: Belverd Needles, Marian Powers, Susan Crosson

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Posted Date: Jan 03, 2021 06:45 PM

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A companys sales revenue for the year is $1,000,000 and income before tax $100,000. Tax rate is

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Principles of Accounting

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