Kim Brother Fitness Center had average common shareholders' equity of $546,890.The company had net income during the year of $359,000.There were 378,000 shares of common stock outstanding throughout the year and no preferred stock at any time.Calculate return on equity (round to the nearest tenth of a percent).

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The Answer of Kim Brother Fitness Center had average common shareholders' equity of $546,890.The company had net income during the year of $359,000.There were 378,000 shares of common stock outstanding throughout the year and no preferred stock at any time.Calculate return on equity (round to the nearest tenth of a percent).

Kim Brother Fitness Center Had Average Common Shareholders' Equity of $546,890.The