The balance sheet equation can be represented by:

Multiple Choice

Assets $=$ Liabilities $+$ Stockholders' Equity

Assets $-$ Liabilities $=$ Stockholders' Equity

Net Assets $=$ Stockholders' Equity

All of the answers are correct.

Mechforce Manufacturing's net income was $$420,000$ on sales of $$14$ million. Average assets for the year were $$10$ million. Margin for the year was:

Multiple Choice

$3\mathrm{.}0\%$

$1\mathrm{.}4$

$1\mathrm{.}8$

$4\mathrm{.}2\%$