Meade Publications is a magazine publisher established in Southern California. Financial analysts are concerned about Meade's ability
Question:
Revenue ....................................................... $1,100,000
Expenses ......................................................... 700,000
Net income ....................................................... 350,000
Assets ............................................................. 625,000
Liabilities ........................................................ 175,000
Average equity ................................................. 600,000
Required:
Compute Meade's return on equity?
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