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Sales for the year = $324,882, net income for the year = $36,610, income from equity investments = $8,603, and average equity during the year

Sales for the year = $324,882, net income for the year = $36,610, income from equity investments = $8,603, and average equity during the year = $123,650. Return on equity for the year is:

A. 29.6%

B. 22.7%

C. 11.3%

D. 127.6%

E. Not enough information is provided to answer the question.

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Question

Sales for the year = $324,882, net income for the year = $36,610, income from equity investments = $8,603, and average equity during the year

Sales for the year = $324,882, net income for the year = $36,610, income from equity investments = $8,603, and average equity during the year = $123,650. Return on equity for the year is: A. 29.6% B. 22.7% C. 11.3% D. 127.6% E. Not enough information is provided to answer the question.

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Recommended Textbook for

Differential Equations And Linear Algebra

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Sales for the year = $324,882, net income for the year = $36,610, income from equity investments = $8,603, and average equity during the year = $123,650. Return on equity for the year is:

A. 29.6%

B. 22.7%

C. 11.3%

D. 127.6%

E. Not enough information is provided to answer the question.