KQuestion 2 (of 13) 2. velue 5.00 points At the beginning of the year, the net assets of Africa Graphite Corp. were $401,300. The only transactions affecting stockholders' equity during the year were net income of $37,000 and dividends of $17,000 Required: Calculate Africa Graphite Corp.'s retun on equity (ROE) for the year (Round your answer to 1 decimal place (eg 32.1 etum on equity References eBook & Resources omcuty hedsim Worksheet

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
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KQuestion 2 (of 13)
2. velue
5.00 points
At the beginning of the year, the net assets of Africa Graphite Corp. were $401,300. The only transactions
affecting stockholders' equity during the year were net income of $37,000 and dividends of $17,000
Required:
Calculate Africa Graphite Corp.'s retun on equity (ROE) for the year (Round your answer to 1 decimal
place (eg 32.1
etum on equity
References
eBook & Resources
omcuty hedsim
Worksheet
Transcribed Image Text:KQuestion 2 (of 13) 2. velue 5.00 points At the beginning of the year, the net assets of Africa Graphite Corp. were $401,300. The only transactions affecting stockholders' equity during the year were net income of $37,000 and dividends of $17,000 Required: Calculate Africa Graphite Corp.'s retun on equity (ROE) for the year (Round your answer to 1 decimal place (eg 32.1 etum on equity References eBook & Resources omcuty hedsim Worksheet
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