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The following selected data were taken from the financial statements of the Winter Group for the 3 most recent years of operations: The Year 3
The following selected data were taken from the financial statements of the Winter Group for the 3 most recent years of operations: The Year 3 net income was $262,000, and the Year 2 net income was $348,000. No dividends on common stock were declared during the 3 years (a) Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for Years 2 and 3. Round to one decimal place. (b) What conclusions can be drawn from these data as to the company's profitability
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