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JulijaS [17]
3 years ago
7

Jay Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5 percent. Jay Corporation's

stockholders' equity to nearest dollar is: CHOICES: A) $140,720
B) $14,720

C) $1,407,200

D) $140,720,000

E) None of these
Mathematics
1 answer:
makkiz [27]3 years ago
8 0
In order to find out the increase in equity, we just need to calculate :

  ($ 175,900 / 12.5 %) x 100    = $ 1,407,200

So the answer would be : C

hope this helps
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From the problem :

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