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Business, 17.03.2020 00:23 ronnie7898

The balance sheet of California Clothing reports total equity of $600,000 and $700,000 at the beginning and end of the year, respectively. Net income and sales for the year are $65,000 and $1,300,000, respectively. What is California Clothing's return on equity?

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The balance sheet of California Clothing reports total equity of $600,000 and $700,000 at the beginn...
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