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Requirements: - Using the following figures: Net Income: $240,000 Average Equity: $1,700,000 - Compute the return on equity (ROE). - Express ROE as a percentage.

Requirements: - Using the following figures:

Net Income: $240,000
Average Equity: $1,700,000 - Compute the return on equity (ROE). - Express ROE as a percentage. - Provide the calculated ROE. -

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