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Consider the Following Financial Information for Classic City Ice Cream

Question 29

Multiple Choice

Consider the following financial information for Classic City Ice Cream Corporation: Consider the following financial information for Classic City Ice Cream Corporation: If the return on equity is 20%, what was Net Income for 2004? A) $25,000 B) $40,000 C) $50,000 D) $65,000 If the return on equity is 20%, what was Net Income for 2004?


A) $25,000
B) $40,000
C) $50,000
D) $65,000

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