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Question 34 Not yet answered Marked out of 2.50 p Flag question What is the return on equity for 2019? Current Assets Long-Te
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Answer #1

Average shareholders' equity= ($22400+32000)/2= $27200

Return on equity for 2019= (Net income-Preferred dividend)*100/Average shareholders' equity

= ($4700-0)*100/27200

= 17.28%

So, the answer is option D) 18%

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