A company's net income for the year ended was $300,000.Stockholders' Equity was $1,600,000 at the end of the year,and $1,400,000 at the beginning of the year.The return on equity would be:
A) 87.50%.
B) 21.43%.
C) 20.00%.
D) 18.75%.
Correct Answer:
Verified
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