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A company has net income of $8.60 million. Stockholders' equity at the beginning of the...

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Accounting

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A company has net income of $8.60 million. Stockholders' equity at the beginning of the year is $37.55 million and, at the end of the year, it is $48.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately: Mulrole Choice

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