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At the end of the current year, Emerald Inc. reported the following information: Sales $280,000 Operating income $84,000 Average total assets $320,000 Average stockholders' equity
At the end of the current year, Emerald Inc. reported the following information:
Sales | $280,000 |
Operating income | $84,000 |
Average total assets | $320,000 |
Average stockholders' equity | $200,000 |
Calculate Emerald's return on stockholders' equity.
a.42%
b.35%
c.50%
d.28%
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