(Answered) At the beginning of the year the net assets of carby co

Accounting

At the beginning of the year, the net assets of Carby Co. were $405,600. The only transactions affecting stockholders' equity during the year were net income of $37,000 and dividends of $13,500.

Required:

Calculate Carby Co.'s return on equity (ROE) for the year. (Round your answer to 1 decimal place.(e.g., 32.1))

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