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

Question

agent47 · Answer

175900-100%
x-12.5%
x=12.5*175900/100=12.5*1759

anonymous · Answer

I get $21,987.50....... is that correct?

anonymous · Answer

The answers are multiple choice, and my options are,
$140,720
$14,720
$1,407,200
$104,720,000
None of these

agent47 · Answer

i have no idea what all the equity and return and what not is.. so I'm not sure

anonymous · Answer

OK, Thanks anyway!!