Return on equity is calculated by:
A) Dividing net income by total revenue.
B) Dividing net income by average stockholders' equity.
C) Dividing net income by working capital.
D) Dividing dividends by stockholders' equity.
Correct Answer:
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Q76: [The following information applies to the questions
Q77: Net income for the period equals:
A)$18,375.
B)$11,000.
C)$ 5,800.
D)$11,250.
Q78: If a business closes its accounts only
Q79: Closing entries should be made:
A)Every year.
B)Only when
Q80: Net income for the period equals:
A)$20,960.
B)$16,640.
C)$21,920.
D)$23,360.
Q82: [The following information applies to the questions
Q83: Which account will not appear on an
Q84: The total debits in the After Closing-Trial
Q85: Return on equity measures:
A)Solvency.
B)Profitability.
C)Leverage.
D)Both solvency and leverage.
Q86: If sales are $540,000,expenses are $440,000 and
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