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Epsilon Corp has total assets worth $25 million, of which $10 million is financed through equity. The company has a net income of $2.5 million
- Epsilon Corp has total assets worth $25 million, of which $10 million is financed through equity. The company has a net income of $2.5 million and has declared dividends of $0.5 million for the year. Calculate the company's retained earnings for the year and the return on equity (ROE).
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
