Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1. The company's return on equity for Year 2 is closest to:
A) 3.02%
B) 3.77%
C) 2.11%
D) 79.14%

Question

Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1.  The company's return on equity for Year 2 is closest to:
A) 3.02% 
B) 3.77% 
C) 2.11% 
D) 79.14%

Quizplus · Accepted Answer

The Answer of Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1.  The company's return on equity for Year 2 is closest to:
A) 3.02% 
B) 3.77% 
C) 2.11% 
D) 79.14%

Garrott Corporation's Total Assets Were $1,505,000 at the End of Year