Question
A firm has net income after taxes of $102,500 for the year. Owners' equity was $998,500 at the beginning of the year and $1,120,000 at
A firm has net income after taxes of $102,500 for the year. Owners' equity was $998,500 at the beginning of the year and $1,120,000 at the end of the year. Find the ratio of net income after taxes to average owners' equity.
A- 4.8%
B- 20.7%
C- 9.7%
D- 2.0%
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Introduction to graph theory
Authors: Douglas B. West
2nd edition
131437372, 978-0131437371
