A company has taxable income of 1760 with a tax rate of 38, Finance Basics

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A company has taxable income of 1760 with a tax rate of 38

Question: A company has taxable income of $1,760 with a tax rate of 38 percent. Owners equity is: $400 in stock, $200 in capital surplus, and $200 in retained earnings. What is the return on equity (ROE)? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A company has taxable income of 1760 with a tax rate of 38

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