Flashcards: Calculate Fluctuations & Ratios

The Washington Company starts the year with $800,000 in assets and $300,000 in liabilities. During the year the company reported net income of $200,000 and paid dividends during the year of $40,000. No other equity transactions took place. What was the company's return on equity for the period?

24.20%

34.50%

30.30%

27.60%

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