Marquise Corporation had a return on equity of 18%.The company had net income during the year of $147,000.There were 98,000 shares of common stock outstanding throughout the year and no preferred stock at any time.Calculate average common shareholders' equity (round to the nearest cent).

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The Answer of Marquise Corporation had a return on equity of 18%.The company had net income during the year of $147,000.There were 98,000 shares of common stock outstanding throughout the year and no preferred stock at any time.Calculate average common shareholders' equity (round to the nearest cent).

Marquise Corporation Had a Return on Equity of 18