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FGT Motorsports had net assets at the end of the year of $320,000. The only transactions affecting stockholders' equity during the year were net income

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FGT Motorsports had net assets at the end of the year of $320,000. The only transactions affecting stockholders' equity during the year were net income of $51,000 and dividends of $11,000. Required: Calculate FGT Motorsports' average stockholders' equity and return on equity (ROE)

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