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Fongeallaz Corporation's Income Statement for Year 2 Appears Below

Question 167

Multiple Choice

Fongeallaz Corporation's income statement for Year 2 appears below: Fongeallaz Corporation's income statement for Year 2 appears below: The company's total stockholders' equity at the end of Year 2 amounted to $841,000 and at the end of Year 1 to $810,000. The company's return on equity for Year 2 is closest to: A) 64.40% B) 8.93% C) 6.75% D) 4.72% The company's total stockholders' equity at the end of Year 2 amounted to $841,000 and at the end of Year 1 to $810,000. The company's return on equity for Year 2 is closest to:


A) 64.40%
B) 8.93%
C) 6.75%
D) 4.72%

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