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QUESTION
Creton Corporation (CC) has a return on equity (ROE) of 12%; 28,000 shares of outstanding stock; and a net income of $100,000. What are CC's total
Creton Corporation (CC) has a return on equity (ROE) of 12%; 28,000 shares of outstanding stock; and a net income of $100,000. What are CC's total equity and earnings per share? Show your work and round up to the nearest cent.
