Problem:
Global Ventures has a return on equity of 9.8 percent, a retention ratio of 60 percent, and a profit margin of 4.5 percent. The company paid $378 in dividends and has net working capital of $100. Net fixed assets are $18,550 and current liabilities are $520.
Required:
Question 1: What is the total equity of the firm?
Note: Show supporting computations in good form.