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A Company Reported Net Income of $22,500, Had Capital Stock

Question 39

Multiple Choice

A company reported net income of $22,500, had capital stock of $200,000 and retained earnings of $150,000.The ROE would be closest to?

A) 6.4%
B) 11.25%
C) 15%
D) 75% (22,500/350,000)

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