Solution-What is the dollar amount of liabilities this

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Question - Company ABC reported the following:

1. Net Income $50,000

2. Return on Equity (Net income Equity: 40.00%

3. Return on Assets (Net Income/Assets): 12.12%

Required - What is the dollar amount of liabilities this company has?

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What is the dollar amount of liabilities this company has : Company ABC reported the following: Return on Equity (Net income Equity: 40.00%. What is the dollar amount of liabilities this company has

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