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In 2019 Manning Company has $1,000,000 in assets and $1,000,000 in stockholders equity, with 50,000...

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Accounting

In 2019 Manning Company has $1,000,000 in assets and $1,000,000 in stockholders equity, with 50,000 shares outstanding the entire year. In the past year it had net income of $75,000. On January 1,2020, it issued $300,000 in debt at 5% and immediately repurchased 25,000 Compute the Company's return on common stockholders' equity for 2019 and 2020.(Round answers to 1 decimal place, e.g.5.2%.)
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