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The company's income statement reported sales revenue of $55,000 for Year 2 with net income totaling $12,500. If additional operating expenses of $6,000 had been
The company's income statement reported sales revenue of $55,000 for Year 2 with net income totaling $12,500. If additional operating expenses of $6,000 had been used and paid during Year 2, how much would Pet Sitters' return on equity be? A. 9.85% B. 17.92% C. 6.90% D. 7.48%
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