Use the following information in the table below to answer the question: Blanc Blanc Financial Year ending 2018 2019 Market Price $33.17 $36.08 Total shares outstanding 5,000,000 5,000,000 Total shareholders' equity $63,000,000.00 $68,500,000.00 Net Income $6,940,402.49 $7,393,972.75 Based on the information given the Accounting Return on Equity for Blanc in 2019 is closest to: O A. 7.60% O B. 11.25%

Use the following information in the table below to answer the question: Blanc Blanc Financial Year ending 2018 2019 Market Price $33.17 $36.08 Total shares outstanding 5,000,000 5,000,000 Total shareholders' equity $63,000,000.00 $68,500,000.00 Net Income $6,940,402.49 $7,393,972.75 Based on the information given the Accounting Return on Equity for Blanc in 2019 is closest to: O A. 7.60% O B. 11.25%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 93.4C

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