The balance sheets at the end of each of the first two years of operations indicate the following: If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point)?
A) 10.6%
B) 11.1%
C) 12.4%
D) 14.0%

Question

The balance sheets at the end of each of the first two years of operations indicate the following:  If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point)?
A) 10.6% 
B) 11.1% 
C) 12.4% 
D) 14.0%

Quizplus · Accepted Answer

The Answer of The balance sheets at the end of each of the first two years of operations indicate the following:  If net income is $115,000 and interest expense is $30,000 for 2012, what is the rate earned on stockholders' equity for 2012 (round percent to one decimal point)?
A) 10.6% 
B) 11.1% 
C) 12.4% 
D) 14.0%

The Balance Sheets at the End of Each of the First