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The Balance Sheets at the End of Each of the First

Question 123

Multiple Choice

The balance sheets at the end of each of the first two years of operations indicate the following: The balance sheets at the end of each of the first two years of operations indicate the following: If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point) ? A) 10.6% B) 11.1% C) 12.4% D) 14.0% If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point) ?


A) 10.6%
B) 11.1%
C) 12.4%
D) 14.0%

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