Exhibit 6-2 Given the Following Information for the Green Company
Question 69
Question 69
Multiple Choice
Exhibit 6-2 Given the following information for the Green Company: Net sales (all on account) Interest expense Income tax expense Net income Income tax rate Total assets: Stockholders’ equity: Current assets, December 31,2010 Quick assets, December 31,2010 Current liabilities, December 31, 2010 Net accounts receivable: $5,200,000240,000280,000420,00040% January 1,2010 December 31,2010 January 1,2010 December 31,2010700,000400,000300,000 January 1,2010 December 31,2010$1,800,0002,400,0001,500,0001,600,000200,000180,000 - Refer to Exhibit 6-2.Green's return on stockholders' equity for 2010 was
A) 16.3% B) 26.3% C) 27.1% D) 28.0%
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