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andreyandreev [35.5K]
3 years ago
9

Galaxy United, Inc. 2009

Business
1 answer:
ANEK [815]3 years ago
7 0

Answer:

13.69%

Explanation:

Return on Equity = Net Income / Shareholder's Equity

<em>All Computations are in millions</em>

Shareholder's Equity = Common Stock + Retained Earnings

Shareholder's Equity = $2960 +$735

Shareholder's Equity = $3,695

Net Income = $506

Return on Equity = $506 / $3,695

Return on Equity = 13.69 %

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