Compute pops net income for the year

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Reference no: EM131200593

The balance sheet for Panoramic Open Pictures (POP) show $300,000 in total assets and $200,000 in total liabilities. POP's return on assets (ROA) is 5%.

Compute POP's

(a) net income for the year and

(b) its return on equity (ROE). POP has no preferred stock.

Reference no: EM131200593

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