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Firm L had net assets at the end of the year of $415,000. The only items affecting stockholders' equity during the year were net

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Firm L had net assets at the end of the year of $415,000. The only items affecting stockholders' equity during the year were net Income of $65,000 and dividends of $35,000. Required: Calculate Firm L's average stockholders' equity and return on equity (ROE). Choose Addend: Average Stockholders' Equity Choose Addend: Average Stockholders' Equity Average Stockholders' Equity Return on Equity Choose Numerator: Choose Denominator: Return on Equity Return on Equity

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