A company has net income of $$12\mathrm{.}45$ million. Stockholders' equity at the beginning of the year is $$31\mathrm{.}60$ million and, at the million. The only change to stockholders' equity came from nd income. The return on equity ratio is approximately and the end of the year, it is $$44\mathrm{.}05$

Multiple Choice

$0\mathrm{.}33$

$0\mathrm{.}32.$

$1\mathrm{.}04$

$6\mathrm{.}48$