Y Corporation has earned $205,500 after tax . The return on equity is 18%. What is the stockholder equity?
1 answer:
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Here is your answer
B. (12,30)
REASON:
Given,
.......(i)
.......(ii)
Putting the value of y from eq.i in eq.ii we get
Putting x=12 in eq.i we get
So,
Hence answer is (12,30) in which x=12 and y=30
HOPE IT IS USEFUL