Reference no: EM13912005
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 $56,000 and dividends of $26,000.
Required:
Calculate Firm L's average stockholders' equity and return on equity (ROE).
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Calculate firm ls average stockholders equity
: 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 $56,000 and dividends of $26,000.
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