Donna Corporation has provided the following financial data from its balance she

Question

Donna Corporation has provided the following financial data from its balance sheet and income statement Year 2 Year 1 total assets $ 1,489,000 $ 1,440,000 Stockholders equity: Common stock, $4 par value $360,000 $360,000 additional paid-in capital--common stock $70,000 $70,000 Retained earnings $570,000 $550,000 total stockholders' equity $1,000,000 $ 980,000 Interest expense $15,000 Income taxes (35%) $14.162 Net income $26.300 the market price of common stock at the end of Year 2 ways $4.79 per share. The companies return on equity for Year 2 is closets to: 5.60% 4.09% 2.66% 68.28%

Explanation / Answer

Donna Corporation has provided the following financial data from its balance she

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