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Compute the ROE for the year ended December

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Reference no: EM132727094

Question - The following information was available for the year ended December 31, 2019:

Sales $300,000

Net income 50,000

Average total assets 750,000

Average total stockholders' equity 500,000

Required - Compute the ROE for the year ended December 31, 2019?

a. 20.0%

b. 10.0%

c. 6.7%

d. 16.7%

Reference no: EM132727094

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