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The following information pertains to Jasmin Corporation. Assume that all balance sheet amounts represent both average and ending figures.
Jasmin Corporation had 6,000 shares of common stock issued and outstanding. The market price of Jasmin common stock on December 31, 2009, was $20. Jasmin paid dividends of $0.90 per share during 2009.
What is the return on assets for this corporation? Round your answer to 1 decimal place.
Single-parent
A parent who is not living with a spouse or partner and bears most of the day-to-day responsibilities for raising children.
Blended Families
Families formed by the merging of individuals from previous relationships, bringing together biological and step-relations.
Reconstituted Families
Families that are formed by bringing together the children of previous marriages or relationships.
Highly Involved Relatives
Family members who actively participate or engage significantly in the care, support, or affairs of their loved ones, showing a deep commitment to their wellbeing.
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