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How do you solve for return on equity? For the year ended December 31, 2016, Settles, Inc., earned an R 1 of 10.0%, Sa es
How do you solve for return on equity?
For the year ended December 31, 2016, Settles, Inc., earned an R 1 of 10.0%, Sa es for the year were $13 million, and average asset umo er was 25. Average sockholders' equity was saa milion a. Calculate Settles, Inc.'s margin and net income. (Round "Margin" answer to 1 decimal place.) Margin Net income 4,0 % S 520,000 b.Calculate Settles, Inc.'s return on equity. (Round your answer to 1 decimal place.) on equityStep by Step Solution
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