I think it is b/c they say it will be 13.5% if the company issues new stock…doesn’t say anything about new stock in the question and b/c they have positive NI which will go to retained earnings?
I think it is b/c they say it will be 13.5% if the company issues new stock…doesn’t say anything about new stock in the question and b/c they have positive NI which will go to retained earnings?