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The Balance Sheet at the End of the Current Year

Question 25

Multiple Choice

The balance sheet at the end of the current year of operations indicates the following: The balance sheet at the end of the current year of operations indicates the following: If net income is $115,000 for 2012, what is the return on equity for 2012 (round percent to one decimal point) ? A) 10.6% B) 11.7% C) 12.4% D) 15.6% If net income is $115,000 for 2012, what is the return on equity for 2012 (round percent to one decimal point) ?


A) 10.6%
B) 11.7%
C) 12.4%
D) 15.6%

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