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Return on equity is calculated as: a.Net income divided by average stockholders' equity. b.Net income divided by ending stockholders' equity. c.Net income divided by average

Return on equity is calculated as:

a.Net income divided by average stockholders' equity.

b.Net income divided by ending stockholders' equity.

c.Net income divided by average market value of equity.

d.Net income divided by ending market value of equity.

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