Firm L had net assets at the end of the year of $415,000 .The only transactions affecting stockholders equity during the year were net income of $65,000 and dividends of $35,000. Required: Calculate Firm Ls average stockholders equity and return on equity (ROE).

here are the choices to choose from: ( Average stockholder equity, beginning stockholders equity, dividends, net income )

AVERAGE SHAREHOLDERS EQUITY

	+		/		=	Average shareholders Equity
	+		/		=

RETURN ON EQUITY

	/		=	Return on Equity
	/		=