Compute the return on the common stockholders equity, Accounting Basics

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Compute the return on the common stockholders equity

Problem

Supposed the following financial information was taken from the company's 2022 annual report: net sales $41,800, net income $396, beginning common stockholders' equity $2628, and ending common stockholders' equity $2902.

Compute the return on the common stockholders' equity.

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Accounting Basics: Compute the return on the common stockholders equity

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Accounting Basics: Compute the return on the common stockholders equity

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