Find the Ratio of Net Income After Taxes to Average

question 40

Multiple Choice

Find the ratio of net income after taxes to average owner's equity. Round to the nearest tenth of a percent.
-Owner's equity at beginning of year: $531,000. Owner's equity at end of year: $852,000. Net income after taxes: $10,500

• A)2.1%
• B)1.5%
• C)2.0%
• D)1.2%

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Definitions:

Dietary Self-control

The ability to regulate one's eating habits and make nutritional choices that align with health goals or dietary restrictions.

Superior Dietary

A nutritional approach deemed higher in quality and nutritional value, often promoting optimal health and well-being.

Expressive Style

A manner of communication and presentation that is characterized by the vivid and effective expression of thoughts, feelings, and ideas.

Self-efficacy

An individual's belief in their innate ability to achieve goals.