Jayhenlbr4incecehow Jayhenlbr4incecehow

30-07-2016
Mathematics

Answered

Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5 percent. Jay Corporation's stockholders' equity to nearest dollar is: CHOICES: A) $140,720

B$14,720

C$1,407,200

D$140,720,000

ENone of these

Verified Answer :

andriansp andriansp

03-08-2016

in order to find out the increase in equity, we just need to calculate :

($ 175,900 / 12.5 %) x 100 = $ 1,407,200

So the answer would be : C

hope this helps

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