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Gamma Systems has total assets worth $30 million, of which $12 million is financed through equity. The company has a net income of $3 million

  • Gamma Systems has total assets worth $30 million, of which $12 million is financed through equity. The company has a net income of $3 million and has declared dividends of $0.6 million for the year. Calculate the company's retained earnings for the year and the return on equity (ROE).

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