Multiple Choice
A company has net income of $5.6 million. Stockholders' equity at the beginning of the year is $32.55 million and, at the end of the year, it is $38.15 million. The only change to stockholders' equity came from net income. The ROE ratio is approximately:
A) 1.15.
B) 0.16.
C) 0.87.
D) 6.64.
Correct Answer:
Verified
Correct Answer:
Verified
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