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At the beginning of the year, the net assets of Shannon Co were $379 400 The only transactions affecting stockholde equity during the year were

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At the beginning of the year, the net assets of Shannon Co were $379 400 The only transactions affecting stockholde equity during the year were net income of $43.000 and dividends of $11 500 Required Catete Shannon Cos return on equity (ROE) for the year (Round your answer to 1 decimal place)

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