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At the beginning of the year, the net assets of Shannon Co. were $328,200. The only transactions affecting stockholders' equity during the year were net
At the beginning of the year, the net assets of Shannon Co. were $328,200. The only transactions affecting stockholders' equity during the year were net income of $46,000 and dividends of $8,000.
Calculate Shannon Co.'s return on equity (ROE) for the year.
return on equity ____ %
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