Calculate ROE At the beginning of the year, the net assets of Shannon Co. were $617,900. The

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Calculate ROE At the beginning of the year, the net assets of Shannon Co. were $617,900. The only transactions affecting stockholders' equity during the year were net income of $62,400 and dividends or $18,200.
Required:
Calculate Shannon Co.'s return on equity (ROE) for the year. Round your percentage answer to one decimal place.
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Accounting What the Numbers Mean

ISBN: 978-1259535314

11th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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