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ang359 ang359
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9 months ago

Mars Corporation has provided the following data for Year 2:

Sales$ 1,330,000
Gross margin$ 500,000
Net operating income$ 79,692
Net income before taxes$ 63,692
Net income$ 41,400

The company’s total stockholders’ equity at the end of Year 2 amounted to $1,095,000 and at the end of Year 1 to $1,060,000. The company’s return on equity for Year 2 is closest to:



▸ 5.91%

▸ 7.40%

▸ 3.84%

▸ 71.20%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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hizzy117hizzy117
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9 months ago
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ang359 Author
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9 months ago
Brilliant ツ
vanna2014
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Yesterday
Helped a lot
lipop
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2 hours ago
Thank you, thank you, thank you!
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