Average stockholders equity and return on equity

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Reference no: EM131103812

Calculate ROE Firm L had net assets at the end of the year of $365,000. The only transactions affecting stockholders' equity during the year were net income of m$56,000 and dividends of $26,000

Required:

Calculate Firm L's average stockholders' equity and return on equity (ROE).

Reference no: EM131103812

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