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If a business has a net income of $44,700 and total equity of $111,750, what is the ROE?  a.10% b. 15% c.44% d.40%. Want Correct Answer of accounting problem

If a business has a net income of $44,700 and total equity of $111,750, what is the ROE?  a.10% b. 15% c.44% d.40%. Want Correct Answer of accounting problem

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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If a business has a net income of $44,700 and total equity of $111,750, what is the ROE?  a.10% b. 15% c.44% d.40%. Want Correct Answer of accounting problem

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