Perot company had income before interest and taxes of, Ask an Expert

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Perot Company had income before interest and taxes of $120,000. Interest expense for the period was $17,000 and income taxes amounted to $28,500. The average stockholders' equity was $680,000. What is Perot's return on equity?

a. 17.65%.

b. 15.15%.

c. 13.46%.

d. 10.96%.

e. None of the above is correct.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M996459

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