The following information pertains to Rural Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. What is the return on common stockholders' equity for Rural?
A)4.8%
B)8%
C)37.5%
D)16%

Question

The following information pertains to Rural Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.   What is the return on common stockholders' equity for Rural?
A)4.8% 
B)8% 
C)37.5% 
D)16%

Quizplus · Accepted Answer

The Answer of The following information pertains to Rural Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.   What is the return on common stockholders' equity for Rural?
A)4.8% 
B)8% 
C)37.5% 
D)16%

The Following Information Pertains to Rural Company