Find the Ratio of Net Income After Taxes to Average

question 47

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: $602,000. Owner's equity at end of year: $806,000. Net income after taxes: $93,500.

• A)15.5%
• B)11.6%
• C)15.6%
• D)13.3%

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Definitions:

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Divisions within organizations responsible for developing strategies and tactics to promote, sell, and distribute products or services to consumers.

Sales Departments

Business divisions dedicated to selling a company's products or services, often targeting specific markets or customers.

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