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Social Science Clinic => Accounting => Topic started by: storky111 on Feb 19, 2020

Title: A company's net income for the year was $290,000. Stockholders' Equity was $1,300,000 at the end of ...
Post by: storky111 on Feb 19, 2020

A company's net income for the year was $290,000. Stockholders' Equity was $1,300,000 at the end of the year, and $1,100,000 at the beginning of the year. What is the return on equity? (Round your final answer to two decimal places, X.XX%)
◦ 26.36%
◦ 24.17%
◦ 22.31%
◦ 12.08%

Title: A company's net income for the year was $290,000. Stockholders' Equity was $1,300,000 at the end of ...
Post by: okolip on Feb 19, 2020

24.17%