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A company has net income of $23.60 million. Stockholders' equity at the beginning of the year is $62.55 million and, at the end of the

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A company has net income of $23.60 million. Stockholders' equity at the beginning of the year is $62.55 million and, at the end of the is $98.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately Multiple Choice

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