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Firm Y has issued 200,000 shares of stock.With a total book value of $1,800,000. Retained earnings are $400,000. What is the return on equity if

Firm Y has issued 200,000 shares of stock.With a total book value of $1,800,000. Retained earnings are $400,000.

What is the return on equity if net income is $80,000?

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