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Business, 03.04.2020 18:11 awesomegrill
Prince Company had net income of $45,500 in a year when its stockholders’ equity averaged $450,000 and its total assets averaged $2,500,000. Calculate the company's return on equity for the period. (Round your percentage value answer to 1 decimal place, i. e. 0.1234 as 12.3%.)
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Prince Company had net income of $45,500 in a year when its stockholders’ equity averaged $450,000 a...
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