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: $1,748,000. Owner's equity at end of year: $2,122,000. Net income after taxes: $447,500.

A. 21.1%
B. 25.6%
C. 25.7%
D. 23.1%


Answer: D

Mathematics

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