Multiple Choice
The net income before taxes for the year ended was $320,000.Equity for common stockholders' at the end of the year was $1,600,000 and $1,400,000 at the beginning of the year.The return on common stockholders' equity would be:
A) 87.50%.
B) 21.43%.
C) 20.00%.
D) 18.75%.
Correct Answer:
Verified
Correct Answer:
Verified
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