Problem
In 2021, Washago Technology Inc. reported the following financial information. Calculate the amount of equity the company had and the return on equity in percentage (Show calculation).
a) Current Assets: $96,000
b) Fixed Assets: $180,400
c) Intangible and Goodwill: $6,200
d) Current Liability: $3,150
e) Long-Term Liability: $158,700
f) Total Revenue: $178,900
g) Total Expense (including interest and taxes): $13,260
h) Cash flow from Operating Activities: $127,650
i) Cash flow from Investing Activities: $29,350
j) Cash flow from Financing Activities: $61,200