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PDG Corporation Had a Return on Equity of 18

Question 208

Multiple Choice

PDG Corporation had a return on equity of 18%.Beginning and ending shareholders' equity for the corporation were $570,000 and $560,000 respectively.There were 350,000 common shares and no preferred shares outstanding.What was net income for the year?


A) $101,700
B) $63,000
C) $3,138,888.89
D) $1,944,444.44

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