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A ski lodge had net income of $450,200 on its February 28 income statement. The balance sheet on the same day showed capital of $2,210,600. What is the return on equity, to the nearest tenth percent?

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A ski lodge had net income of $450,200 on its February 28 income statement. The balance sheet on the same day showed capital of $2,210,600. What is the return on equity, to the nearest tenth percent?






 
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