What Is the Return on Equity If Sales Are $290,000

question 58

Multiple Choice

What is the return on equity if sales are $290,000, net income is $49,000 and average common Stockholders' Equity is $188,000? (Round your final answer to one decimal place, X.X%.)

• A)16.9%
• B)64.8%
• C)26.1%
• D)47.9%

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