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The Balance Sheets at the End of Each of the First

question 55

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The balance sheets at the end of each of the first two years of operations indicate the following:
The balance sheets at the end of each of the first two years of operations indicate the following:    -If net income is $130,000 and interest expense is $40,000 for 2011,what is the rate earned on stockholders' equity for 2011 (rounded to one decimal place) ? A) 12.0% B) 12.7% C) 13.2% D) 16.5%
-If net income is $130,000 and interest expense is $40,000 for 2011,what is the rate earned on stockholders' equity for 2011 (rounded to one decimal place) ?

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