A firm with sales of 1,000,000, net profits after taxes of ...

[Mollykgkg]

A firm with sales of 1,000,000, net profits after taxes of 30,000, total assets of 1,500,000, and common stockholders' investment of 750,000 has a return on equity of ________.
 
  A) 20 percent
  B) 15 percent
  C) 3 percent
  D) 4 percent

Question 2

Net working capital is the difference between a firm's total assets and its total liabilities.
 
  Indicate whether the statement is true or false

[Natalie4ever]

Answer to Question 1

D

Answer to Question 2

FALSE