8. Firm L had net assets at the end of the year of $365,000. The only transactions...

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Question:

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 Ls average stockholders equity and return on equity (ROE).

Average Shareholder Equity:

	+		/		=	Average Shareholder Equity
	+		/		=	$__________________

Return on Equity:

	/		=			Return on Equity
	/		=			$__________________

Posted Date: Jun 22, 2024 12:05 AM

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8. Firm L had net assets at the end of the year of $365,000. The only transactions...

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