Question
A company has net income of $32.60 million. Stockholders' equity at the beginning of the year is $77.55 million and, at the end of the
A company has net income of $32.60 million. Stockholders' equity at the beginning of the year is $77.55 million and, at the end of the year, it is $128.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately:
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy M. Tietz
2nd Custom Edition
1269396803, 978-1269396806
