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Compute the return on equity

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Question - Profit for Pina Colada Inc., was $9000 in 2021. Shareholders' equity was $80000 at December 31 2019, $190000 at December 31, 2020, and $290000 at December 31, 2021. Compute the return on equity for 2021?

a. 4.74%.

b. 11.25%.

c. 3.10%.

d. 3.75%.

Reference no: EM133052648

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