Multiple Select Question

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Which statements about a firm's return on equity $($ROE$)$ are correct? $($Choose every correct answer.$)$

It is normally calculated using net income in the denominator.

III

It expresses profits earned by the firm as a rate of return on all the resources employed by the firm.

It expresses profits earned by the firm as a rate of return on the equity provided by stockholders.

It is normally calculated using average stockholders' equity in the denominator.