Multiple Choice Question

Squid Roe, Inc. had sales of $$200,000,$ profit of $$15,000$ and net cash from operations of $$14,000$ during the year. At December $31,$ the equity was $$62,500$ and its

average shares outstanding was $50,000$ shares. Calculate the return on equity.

$24\%$

$32\%$

$30\%$

$22\%$

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