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At the beginning of the year the net assets of carby co

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At the beginning of the year, the net assets of Carby Co. were $346,800. The only transactions affecting owners' equity during the year were net income of $42,300 and dividends of $12,000.

Required:

Calculate Carby Co.'s return on equity (ROE) for the year. Round your percentage answer to one decimal place.

Reference no: EM13575478

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