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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

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 $64,000 and dividends of $34,000.

Required:

Calculate Firm Ls average stockholders equity and return on equity (ROE) Average Stockholders Equity
+ / = Average Stockholders Equity
+ / = 0
Return on Equity
/ = Return on Equity

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