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Given the following information, what is the firm's return on common equity? BALANCE SHEET INFORMATION Cash = $760,000 Accounts receivable = (not given) Inventory =

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Given the following information, what is the firm's return on common equity? BALANCE SHEET INFORMATION Cash = $760,000 Accounts receivable = (not given) Inventory = $1,130,000 Fixed Assets = $3,400,000 Total assets = $6,300,000 Accounts payable = (not given) Long-term debt = $1,900,000 Common stock = $760,000 Retained earnings = $2,950,000 Total liabilities and equity = $6,300,000 INCOME STATEMENT INFORMATION Sales = $25,200,000 Operating expense - $19.910,000 EBIT = $5,290,000 Interest expense = $266,000 EBT - $5,024,000 Taxes = $2,010,000 Net Income = $3,014,000 EBIT = $5,290,000 Interest expense = $266,000 EBT = $5,024,000 Taxes = $2,010,000 Net Income = $3,014,000 0396.58% 81.24% 102.17% 47.84% 53.73%

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