Owners equity is 400 in stock 200 in capital surplus and
A company has taxable income of $1,760 with a tax rate of 38 percent. Owners equity is: $400 in stock, $200 in capital surplus, and $200 in retained earnings. What is the return on equity (ROE)?
A. 130%
B.125%
C.123%
D.136%
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a company has taxable income of 1760 with a tax rate of 38 percent owners equity is 400 in stock 200 in capital surplus
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