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6) The following information is available for Aerius Corporation for the current year: Net income $160,000 Preferred dividends 30,000 Interest expense 18,000 Beginning of year:
6) The following information is available for Aerius Corporation for the current year: Net income $160,000 Preferred dividends 30,000 Interest expense 18,000 Beginning of year: Total assets 900,000 Total liabilities 300,000 Total common shareholders' equity375,000 End of year: Total assets 950,000 Total liabilities 350,000 Total common shareholders' equity400,000 The return on equity for Aerius Corporation is: A) 41.3% B) 32.5% C) 33.5% D) 49.0%
6) The following information is available for Aerius Corporation for the current
year:
Net income $160,000
Preferred dividends 30,000
Interest expense 18,000
Beginning of year:
Total assets 900,000
Total liabilities 300,000
Total common shareholders' equity375,000
End of year:
Total assets 950,000
Total liabilities 350,000
Total common shareholders' equity400,000
The return on equity for Aerius Corporation is:
A) 41.3%
B) 32.5%
C) 33.5%
D) 49.0%
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Auditing Theory And Practice
Authors: John Dunn
2nd Edition
0132408961, 978-0132408967
