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Use the following data to answer the question. What was Ronnie's return on net worth for the year? Ronnie Mitchell has the following financial data:
Use the following data to answer the question. What was Ronnie's return on net worth for the year? Ronnie Mitchell has the following financial data: Investment asset at year end $475,000 Investment asset at beginning of the year $392,000 Savings made during the year by Ronnie $27,000 Employer match to Ronnie's 401(k) plan $5,000 Total assets on ending statement of financial position $700,000 Gross income on income statement $100,000 Total assets on beginning statement of financial position $600,000 Total liabilities at beginning of year $200,000 Total liabilities at year end $180,000 Group of answer choices 12.17%. 22.00%. 24.50%. 30.00%.
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