Business
Business, 18.06.2021 01:00, andrespacheco5888

The balance sheet of Sand Sportswear reports total equity of $500,000 and $650,000 at the beginning and end of the year, respectively. The return on equity for the year is 20%. What is Sand Sportswear's net income for the year? a. $100,000.
b. $130,000.
c. $2,875,000.
d. $115,000.

answer
Answers: 3

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The balance sheet of Sand Sportswear reports total equity of $500,000 and $650,000 at the beginning...

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