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At the beginning of the year, the net assets of Continuum Products were $331, 500. The only transactions affecting stockholders' equity during the year were

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At the beginning of the year, the net assets of Continuum Products were $331, 500. The only transactions affecting stockholders' equity during the year were net income of $43.500 and dividends of $17,000. Required: Calculate Continuum Product's return on equity (ROE) for the year. (Round your answer to 1 decimal place.(e.g., 32.1))

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