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Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Jay Corporation's stockholders' equity to the nearest dollar is…

Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Jay Corporation's stockholders' equity to the nearest dollar is…
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Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Jay Corporation's stockholders' equity to the nearest dollar is

asked
User PakkuDon
by
7.5k points

1 Answer

2 votes
175,900/100 = 1759.00 x 12.5 = $21,987.50

therefore it is $21,988.00
answered
User Le Zhang
by
8.2k points
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