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Calculate the return on equity (ROE) for Procter & Gamble Company for the fiscal year ended June 30, 20XX, given the following information: Net income:

Calculate the return on equity (ROE) for Procter & Gamble Company for the fiscal year ended June 30, 20XX, given the following information:

Net income: $1,500,000
Average shareholders' equity: $10,000,000

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