Business, 01.07.2020 23:01 Claude512

A company has net income of $7.10 million. Stockholders' equity at the beginning of the year is $35.05 million and, at the end of the year, it is $43.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately:

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A company has net income of $7.10 million. Stockholders' equity at the beginning of the year is $35....

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