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On December 31. Sulfur Corporation has the following data available:   Net Income                                                $140,000 Interest expense                                          20,000 Total assets at the beginning of the year   720,000 Toital assets at the end of the year            810,000 Total common stockholders' equity at the beginning of the year  440,000 Total common stockholders' equity at the end of the year   300,000   What is return on equity? A. 32.43% B. 27.03% C. 37.84% D. 15.69%

On December 31. Sulfur Corporation has the following data available:   Net Income                                                $140,000 Interest expense                                          20,000 Total assets at the beginning of the year   720,000 Toital assets at the end of the year            810,000 Total common stockholders' equity at the beginning of the year  440,000 Total common stockholders' equity at the end of the year   300,000   What is return on equity? A. 32.43% B. 27.03% C. 37.84% D. 15.69%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On December 31. Sulfur Corporation has the following data available:

 

Net Income                                                $140,000

Interest expense                                          20,000

Total assets at the beginning of the year   720,000

Toital assets at the end of the year            810,000

Total common stockholders' equity at the beginning of the year  440,000

Total common stockholders' equity at the end of the year   300,000

 

What is return on equity?

A. 32.43%

B. 27.03%

C. 37.84%

D. 15.69%

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