If net income is $150,000 and interest expense is $20,000 for Year 2, what is the rate earned on stockholders' equity for Year 2?
a. 6.9%
b. 14.5%
c. 16.4%
d. 13.8%
b
You might also like to view...
Evidence shows that the return on U.S. Treasury bills was negative
Indicate whether the statement is true or false.
What does the use of the shortest processing time sequencing rule generally produce?
A) maximum average lateness B) maximum utilization C) maximum effectiveness D) minimum average flow time E) B and D
When no value is in the base period, no percent change is computable.
Answer the following statement true (T) or false (F)
A major disadvantage of personal selling is that it
A. is not remembered as well by customers as advertising messages are. B. cannot easily adjust the message to satisfy a customer's information needs. C. is very expensive per contact. D. does not provide immediate feedback. E. is not compatible with other promotional activities.