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Business, 09.12.2019 18:31 mota78

For year 2, etzkorn corporation's sales were $1,480,000, its gross margin was $580,000, its net operating income was $63,714, its net income before taxes was $42,714, and its net income was $29,900. the company's total stockholders' equity at the end of year 2 amounted to $829,000 and at the end of year 1 to $800,000. the company's return on equity for year 2 is closest to:
a. 3.67%
b. 60.16%
c. 5.24%
d. 7.82%

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