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ompany x has net sales revenue of $ 1 , 2 5 2 , 0 0 0 , cost of goods sold of $ 7

ompany x has net sales revenue of $1,252,000, cost of goods sold of $787,000, and all other expenses of $308,000. The beginning alance of stockholders' equity is $585,000 and the beginning balance of fixed assets is $379,000. The ending balance of tockholders' equity is $1,050,000 and the ending balance of fixed assets is $407,000.
equired:
ompute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.)
Return on Equity
%
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