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Pedro & Son's total common equity at the end of last year was $405,000 and its net income was $70,000. What was its ROE? 14.82%

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Pedro & Son's total common equity at the end of last year was $405,000 and its net income was $70,000. What was its ROE? 14.82% 15.60% 16.42% 17.28%

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