At the end of the current year, Emerald Inc. reported the following information: Sales $265,000 Operating income
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Question:
At the end of the current year, Emerald Inc. reported the following information:
Sales | $265,000 |
Operating income | 59,000 |
Average total assets | 299,000 |
Average stockholders' equity | 233,000 |
Compute Emerald's return on stockholders' equity. Round your answer to nearest percent.
a. 30%
b. 25%
c. 21%
d. 17%
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