Question 2 (1 point) According to its current year Balance Sheet, an organization's assets total...
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Question 2 (1 point) According to its current year Balance Sheet, an organization's assets total $14,000,000. Its total liabilities equal $4,200,000. Net income as reported on the Income Statement, for the current fiscal year is $500,000 and its fixed expenses total $300,000. What percentage of the business is owned by the shareholders? IMPORTANT NOTE: Please round your answer to O decimal places and express as a whole number with no symbols (example: if your calculation is 0.227, enter 23 as your answer). For the midterm, if you enter 0.227 or 23%, it will be graded as incorrect. Question 2 (1 point) According to its current year Balance Sheet, an organization's assets total $14,000,000. Its total liabilities equal $4,200,000. Net income as reported on the Income Statement, for the current fiscal year is $500,000 and its fixed expenses total $300,000. What percentage of the business is owned by the shareholders? IMPORTANT NOTE: Please round your answer to O decimal places and express as a whole number with no symbols (example: if your calculation is 0.227, enter 23 as your answer). For the midterm, if you enter 0.227 or 23%, it will be graded as incorrect
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