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 return on equity ratio is approximately:
A) 0.15.
B) 0.16.
C) 0.87.
D) 6.31.
Correct Answer:
Verified
Correct Answer:
Verified
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