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LiChan LiChan
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7 years ago
The following information is provided for Candy, Inc.:
   Income from operations   $ 98,600
   Income taxes   37,700
   Interest expense   2,000
   Net sales   1,264,000
   Stockholders' equity   242,500
   Total assets    456,000
What is the return on equity after income taxes?
A) 40.65%
B) 24.29%
C) 25.11%
D) 55.36%
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
Author:
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mourningbirdmourningbird
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7 years ago
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LiChan Author
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7 years ago
Flippin awesome
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7 years ago
Happy to help, please mark as solved
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