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Calculate the Return on Equity Given the Following Information: Common

Question 48

Multiple Choice

Calculate the return on equity given the following information: common shares outstanding = 300,000; earning per share = $4.00; total assets = $5,000,000; total equity = $3,000,000.


A) 40%
B) 41%
C) 42%
D) 43%
E) 44%

Correct Answer:

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