The balance sheet of Purdy's BBQ reports total equity of $400,000 and $450,000 at the...
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Accounting
The balance sheet of Purdy's BBQ reports total equity of $400,000 and $450,000 at the beginning and end of the year, respectively. Net income and sales for the year are $85,000 and $1,700,000, respectively. What is Purdy's return on equity?
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