A corporation has annual sales of $18 million, total assets of $4 mill
A corporation has annual sales of $18 million, total assets of $4 million, a debt ratio of 40%,
depreciation expense of $200,000, and a tax rate of 40%. The corporation’s total stockholders’ equity
is equal to
A) $2,800,000. B) $2,400,000. C) $1,800,000. D) $5,600,000.
ANSWER
B
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