Find the ratio of net income after taxes to average owner's equity. Round to the nearest tenth of a percent.
-Owner's equity at beginning of year: $602,000. Owner's equity at end of year: $806,000. Net income after taxes: $93,500.
A)15.5%
B)11.6%
C)15.6%
D)13.3%

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The Answer of Find the ratio of net income after taxes to average owner's equity. Round to the nearest tenth of a percent.
-Owner's equity at beginning of year: $602,000. Owner's equity at end of year: $806,000. Net income after taxes: $93,500.
A)15.5%
B)11.6%
C)15.6%
D)13.3%

Find the Ratio of Net Income After Taxes to Average