9. Dale Inc. had net income of $897,000 for the first quarter of 2017. Total stockholders equity at the beginning of the quarter was $1,946,000 and equity at the end of the quarter was $2,723,000. What was the return on stockholders equity for the first quarter?

Group of answer choices

A. 32.94%

B. 38.42%

C. 46.09%

D. 41.33%

19. What is JennMarks gross profit percentage if net sales are $199,000 and cost of goods sold is $103,000?

Group of answer choices

A. 37.89%

B. 93.20%

C. 48.24%

D. 51.76%

15. If units sold for October equal 35, what would be the cost of goods sold and ending inventory values for October assuming that the LIFO method is used?

• Beginning inventory, October 1: 10 units @ $10 per unit
• Purchase on October 10: 20 units @ $12 per unit
• Purchase on October 21: 15 units @ $13 per unit

Group of answer choices

A. $350; $195

B. $405; $130

C. $425; $130

D. $435; $100