Question

During the year, a company generated $95,000 in net income. Also during the year, the company's stockholders' equity grew from $550,000 at the beginning of the year to $595,300 at the end of the year.
Required
Calculate the company's return on equity for the year. Round percentages to one decimal point (i.e., 9.4%).


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  • CreatedJuly 16, 2015
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