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Selected financial information for Fred's Framing Inc. appears below: 1,000 Number of common shares outstanding throughout the year 2020 Dividends paid on preferred shares 2020
Selected financial information for Fred's Framing Inc. appears below: 1,000 Number of common shares outstanding throughout the year 2020 Dividends paid on preferred shares 2020 Dividends paid on common shares Market price per common share 12/31/2020 Net Income after tax for the period ending 12/31/2020 Common shareholders' equity at 01/01/2020 $5,000 $3,000 $50 $20,000 $100,000 What was Fred's return on shareholders' equity? O 14.15% O 15.00% O 20.00% O none of the above
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