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Firm L had net assets at the end of the year of $660,000. The only items affecting stockholders' equity during the year were net
Firm L had net assets at the end of the year of $660,000. The only items affecting stockholders' equity during the year were net income of $162,000 and dividends of $42,000. Required: Calculate Firm L's average stockholders' equity and return on equity (ROE). Choose Addend: Choose Numerator: Average Stockholders' Equity + Choose Addend: + + Return on Equity / Choose Denominator: 1 1 Average Stockholders' Equity 1 = Average Stockholders' Equity 0 Return on Equity Return on Equity 0
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