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  3. a company had operating income of $250,000 and net

A company had operating income of $250,000 and net income of $300,000 for a year...

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Accounting

A company had operating income of $250,000 and net income of $300,000 for a year in which its total stockholders' equity was $800,000 at the beginning of the year and increased to $950,000 from the sale of additional capital stock during the year. What was the amount of the company's return on equity for the year, rounded to the nearest whole percentage?
Multiple choice question.
32%
34%
29%
26%

Answer & Explanation Solved by verified expert
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