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: $558,000. Owner's equity at end of year: $1,704,000. Net income after taxes: $126,500.

A. 7.4%
B. 22.7%
C. 22.8%
D. 11.2%


Answer: D

Mathematics

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