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16 July, 01:59

Moore Corporation has earned $205,500 after tax. The return on equity for Moore Corporation is 18%. What's Moore's stockholders' equity?

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  1. 16 July, 05:27
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    Return on equity = Earning after tax / Stockholder's equity

    ⇒ Stockholder's equity = Earning after tax / Return on equity = 205500 / 0.18 = $1,141,666.67
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