Use the following information obtained from the company's computerized accounting information system to answer the question below.Note: There were no preferred shares outstanding and no additional shares were issued in 2011.
Return on equity for 2011,rounded to the nearest tenth of a percent,equals ________.
A) 26.3%
B) 23.5%
C) 12.5%
D) 29.4%
Correct Answer:
Verified
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