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The following amounts are from Shimura Companys financial statements at the end of the current year: total assets, $426,000; total liabilities, $172,000; stockholders' equity, $254,000;
The following amounts are from Shimura Companys financial statements at the end of the current year: total assets, $426,000; total liabilities, $172,000; stockholders' equity, $254,000; net sales, $782,000; cost of goods sold, $486,000; operating expenses, $178,000; and dividends, $40,000. During the current year, total assets increased by $75,000. Total stockholders' equity was affected only by net income and dividends. I need help finding the return on equity
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