Mars Corporation Has Provided the Following Data for Year 2

question 111

Multiple Choice

Mars Corporation has provided the following data for Year 2: The company's total stockholders' equity at the end of Year 2 amounted to $1,095,000 and at the end of Year 1 to $1,060,000. The company's return on equity for Year 2 is closest to:

• A)5.91%
• B)7.40%
• C)3.84%
• D)71.20%

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Definitions:

Cash Flow Growth

The increase in the amount of money moving in and out of a business over a specific period, indicating financial health.

Retirement Savings

Money that has been set aside or invested with the purpose of using it for income upon retiring.