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Alpha Tech has total assets worth $50 million, of which $20 million is financed through equity. The company has a net income of $5 million
- Alpha Tech has total assets worth $50 million, of which $20 million is financed through equity. The company has a net income of $5 million and has declared dividends of $1 million for the year. Calculate the company's retained earnings for the year and the return on equity (ROE).
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
