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What Is the Return on Equity If Sales Are $100,000,net

Question 35

Multiple Choice

What is the return on equity if sales are $100,000,net income is $22,700,beginning Stockholders' Equity is $88,000,and ending common Stockholders' Equity is $84,000?


A) 22.7%
B) 25.8%
C) 27.0%
D) 26.4%

Correct Answer:

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