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FirmL 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

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FirmL 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 $74.000 and dividends of $44.000 Required Calculate Firm 's average stockholders equity and return on equity (ROE) Beginning stockholders equity Average Stockholders' Equity Ending stockholders oquity 4 - Average Stockholders' Equity 0 Return on Equity Average stockholders equily Not income Return on Equity 1 0

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