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Tammys Tool Company is a retail store that sells tools to construction companies across the country. Tammy reported net income of $200,000 and issued preferred
Tammys Tool Company is a retail store that sells tools to construction companies across the country. Tammy reported net income of $200,000 and issued preferred dividends of $20,000 during the year. Tammy also had 30,000, $5 par common shares outstanding during the year. Compute Return on Equity.
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