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A company's financial statements include the following selected data ($ in millions): Sales, $22,500; Net income, $900; Beginning stockholders' equity, $3,570; Ending stockholders' equity,
A company's financial statements include the following selected data ($ in millions): Sales, $22,500; Net income, $900; Beginning stockholders' equity, $3,570; Ending stockholders' equity, $4,150. Calculate the return on equity. (Round your answer to 1 decimal place.) Return on equity %
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
