Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%.
Income Statement
For the year ended December 31, 2007
The return on common shareholders' equity for Orca Industries is
A) 15.2%
B) 13.5%
C) 10%
D) 11.9%

Question

Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%.
 Income Statement
For the year ended December 31, 2007
 The return on common shareholders' equity for Orca Industries is
A) 15.2% 
B) 13.5% 
C) 10% 
D) 11.9%

Quizplus · Accepted Answer

The Answer of Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%.
 Income Statement
For the year ended December 31, 2007
 The return on common shareholders' equity for Orca Industries is
A) 15.2% 
B) 13.5% 
C) 10% 
D) 11.9%

Orca Industries Below Are the Two Most Recent Balance Sheets