Computing the platinum & steel products''s return on equity

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At the beginning of the year, the net assets of Platinum & Steel Products were $334,500. The only transactions affecting stockholders' equity during the year were net income of $48,000 and dividends of $14,500.

Calculate Platinum & Steel Products's return on equity (ROE) for the year. (Round your answer to 1 decimal place.(e.g., 32.1))

Return on Equity =

Reference no: EM1339343

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