At the beginning of the year the net assets of platinum amp, Ask an Expert

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At the beginning of the year, the net assets of Platinum & Steel Products were $409,900. The only transactions affecting stockholders' equity during the year were net income of $42,000 and dividends of $14,000.

Required:

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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92654090

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