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Compute the return on equity ratio

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Question - A company has net income of $10.10 million. Stockholders' equity at the beginning of the year is $40.05 million and, at the end of the year, it is $53.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately:

5.26

0.19

0.22

0.25

Reference no: EM132055456

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