If net income is 115000 and interest expense is 30000 for

Reference no: EM13481480

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. 14.0%

b. 10.6%

c. 11.1%

d. 12.4%

Reference no: EM13481480

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