Question
If the begining of total Stockholders' Equity was $985,000 with ending Stockholders' Equity was increased by $100,000 and if net income is $115,000 and interest
If the begining of total Stockholders' Equity was $985,000 with ending Stockholders' Equity was increased by $100,000 and if net income is $115,000 and interest expense is $30,000 for 2006, what is the rate earned on stockholders' equity for 2006 (round percent to one decimal point)?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
