Calculate Owner's Equity from the Following Information: Expenses $700,000

question 92

Multiple Choice

Calculate owner's equity from the following information: Expenses $700,000
Return on equity 40%
Total Assets $2,050,000
Sales $1,500,000

• A) $2,000,000
• B) $800,000
• C) $375,000
• D) $1,250,000
• E) $820,000

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