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Calculate the return on equity ratio

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Question - A company has net income of $17.60 million. Stockholders' equity at the beginning of the year is $52.55 million and, at the end of the year, it is $78.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately:

0.22

0.34

4.44

0.27

Reference no: EM132119140

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