Exercise G Nelson Company began the year 2013 with total stockholders' equity of $2,400,000. Its...
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Accounting
Exercise G Nelson Company began the year 2013 with total stockholders' equity of $2,400,000. Its net income for 2013 was $640,000, and $106,800 of dividends were declared. Compute the rate of return on average stockholders' equity for 2013. No preferred stock was outstanding.
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