Pedro & Son's total common equity at the end of last year was $405,000 and its net income was $70,000. What was its ROE?
A) 14.82%
B) 15.60%
C) 16.42%
D) 17.28%

Name: Pedro & Son's total common equity at the end of last year was $405,000 and its net income was $70,000. What was its ROE? A) 14.82% B) 15.60% C) 16.42% D) 17.28%
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Question

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The Answer of Pedro & Son's total common equity at the end of last year was $405,000 and its net income was $70,000. What was its ROE?
A) 14.82%
B) 15.60%
C) 16.42%
D) 17.28%

Pedro & Son's Total Common Equity at the End of Last