Its expected income for 2003 is 150000 and it is subject to


Question - Johnson Co. currently has $400,000 owners' equity and no long-term debt. Its expected income for 2003 is $150,000 and it is subject to a 30 percent tax rate. What is Johnson's planned return on equity?

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Accounting Basics: Its expected income for 2003 is 150000 and it is subject to
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