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What Is the Return on Equity If Sales Are $130,000

Question 64

Multiple Choice

What is the return on equity if sales are $130,000, net income is $25,700, beginning Stockholders' Equity is $93,000, and ending common Stockholders' Equity is $87,000? (Round your final answer to two decimal places, X.XX%)


A) 72.22%
B) 27.63%
C) 29.54%
D) 28.56%

Correct Answer:

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