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At the beginning of the year, the net assets of Shannon Company were $ 3 5 0 , 7 0 0 . The only transactions
At the beginning of the year, the net assets of Shannon Company were $ The only transactions affecting stockholders' equity
during the year were net income of $ and dividends of $
Required:
Calculate Shannon Company's return on equity ROE for the year.
Note: Round your answer to decimal place.
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