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Firm l had net assets at the end of the year of 365000 the

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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Accounting Basics: Firm l had net assets at the end of the year of 365000 the

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Accounting Basics: Firm l had net assets at the end of the year of 365000 the

Reference No:- TGS01210285

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