On December 31, Mercury Corporation has the following data available: Net Income Interest expense Total assets at the beginning of the year Total assets at the end of the year Total common stockholders' equity at the beginning of the year Total common stockholders' equity at the end of the year What is return on equity? (Round your final answer to two decimal places, X. XX%)

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150