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Delta Technologies has total assets worth $45 million, of which $19 million is financed through equity. The company has a net income of $4.5 million

  • Delta Technologies has total assets worth $45 million, of which $19 million is financed through equity. The company has a net income of $4.5 million and has declared dividends of $0.95 million for the year. Calculate the company's retained earnings for the year and the return on equity (ROE).

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