Question
Corp reported a net income of $34,630 in FY2021. It also reported total assets of $351,002 and $381,191 in FY2020 and FY2021, respectively, and total
Corp reported a net income of $34,630 in FY2021. It also reported total assets of $351,002 and $381,191 in FY2020 and FY2021, respectively, and total liabilities of $287,912 and $309,259 in FY2020 and FY2021, respectively. Calculate Corp's Return On Equity for FY 2021. (Report your answer in percentage points, round to the nearest one decimal place, and record numeric values only. E.g., 10.5% should be recorded as "10.5"
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Principles of Accounting
Authors: Needles, Powers, crosson
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