The balance sheet of HR, Inc. reports total equity of $900,000 and $1,100,000 at the beginning and end of the year, respectively. The return on equity for the year is 20%.  What is HR's net income for the year? Select one: a. $200,000 b. $180,000 c. $198,000 d. $162,000 e. $220,000 Clear my choice

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.