Y Corporation has earned $205,500 after tax . The return on equity is 18%. What is the stockholder equity?
1 answer:
You might be interested in
24 is the numerical coefficient
1.06 is the base of the power with exponent t
Ratio:
Answer:
Step-by-step explanation:
Given:
To solve for y, let us first isolate y on one side of the equation. We can do this by subtracting from the left and move it to the right. We then get:
Now, we have y isolated. We now have to remove the 4 from the y. The only way to do this is divide both sides by 4. We then get our final answer:
We can clean this up by putting it in a common form, slope-intercept form: