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27 February, 16:15

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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  1. 27 February, 19:10
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    175,900/100 = 1759.00 x 12.5 = $21,987.50

    therefore it is $21,988.00
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