Question
Net income $170,000 Preferred Dividends 24,000 Interest Expense 17,500 Beginning of year: Total Assets 900,000 Total liabilities 375,000 Total common stockholders' equity 395,000 End of
Net income $170,000
Preferred Dividends 24,000
Interest Expense 17,500
Beginning of year:
Total Assets 900,000
Total liabilities 375,000
Total common stockholders' equity 395,000
End of year:
Total Assets 930,000
Total liabilities 405,000
Total common stockholders' equity 435,000
The return on equity is:
Group of answer choices
a. 30.3%
b. 33.4%
c. 35.9%
d. 35.2%
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A Guide To Effective Internal Management System Audits Implementing Internal Audits As A Risk Management Tool
Authors: IT Governance Publishing
1st Edition
1849285594, 978-1849285599
