A Company Has Net Income of $5

question 200

Multiple Choice

A company has net income of $5.6 million.Stockholders' equity at the beginning of the year is $32.55 million and,at the end of the year,it is $38.15 million.The only change to stockholders' equity came from net income.The return on equity ratio is approximately:

• A)0.15.
• B)0.16.
• C)0.87.
• D)6.31.

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