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%

Question

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%

Quizplus · Accepted Answer

The Answer of 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%

Mars Corporation Has Provided the Following Data for Year 2