Question: The return on equity ratio is calculated as: Multiple Choice net income divided by the average number of outstanding common shares. ( net income less

The return on equity ratio is calculated as:
Multiple Choice
net income divided by the average number of outstanding common shares.
(net income less preferred dividends) divided by average common stockholders' equity.
dividends paid divided by the average book value of stockholders' equity.
The return on equity ratio is calculated as:

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