The Net Income for the Year Ended Was $300,000

question 93

Multiple Choice

The net income for the year ended was $300,000. Common stockholders' equity at the beginning of the year was $1,400,000 and $1,600,000 at the end of the year. The return on common stockholders' equity would be

• A) 18.75%.
• B) 20.00%.
• C) 21.43%.
• D) 87.50%.

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Definitions:

Louisiana

A state in the southern region of the United States, known for its unique cultural heritage, especially its Creole and Cajun traditions.

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Bambara

A Mande ethnic group native to much of West Africa, particularly in Mali, and also a language spoken by this group.

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