SOLUTION: Achbar Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Achbar Corporation's stockholders' equity to the nearest dollar is A.

Question 1131178: Achbar Corporation has earned $175,900 after tax. The accountant calculated the return on equity as 12.5%. Achbar Corporation's stockholders' equity to the nearest dollar is
A. $1,407,200.
B. $140,720.
C. $140,720,000.
D. $14,720.
Answer by math_helper(2461) (Show Source): You can put this solution on YOUR website!

0.125*E = 175900

Solving for E (divide both sides by 0.125):
E = 175900/0.125

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