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Business, 12.08.2021 17:20 tladitidimatso1783

A company has net income of $11.60 million. Stockholders' equity at the beginning of the year is $42.55 million and, at the end of the year, it is $58.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately: Multiple Choice 5.01. 0.23. 0.20. 0.27.

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A company has net income of $11.60 million. Stockholders' equity at the beginning of the year is $42...
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