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Q. question 8

The financial statements of Heatwave Athletic Wear include the following selected data ($ in millions): Sales, $22,400; Net income,
$775; Beginning stockholders' equity, $3,590; Ending stockholders' equity, $4,170.
Calculate the return on equity. (Round your answer to 1 decimal place.)
Return on equity
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Transcribed Image Text:The financial statements of Heatwave Athletic Wear include the following selected data ($ in millions): Sales, $22,400; Net income, $775; Beginning stockholders' equity, $3,590; Ending stockholders' equity, $4,170. Calculate the return on equity. (Round your answer to 1 decimal place.) Return on equity
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