(Answered) Question - a company has net income of 1760 million

Accounting

Question - A company has net income of $17.60 million. Stockholders' equity at the beginning of the year is $52.55 million and, at the end of the year, it is $78.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately:

0.22

0.34

4.44

0.27

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