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Given the following, what is the return on equity: Cash= $1,000, common shares outstanding = 300,000; earning per share = $4.00; total assets = $5,000,000;

Given the following, what is the return on equity: Cash= $1,000, common shares outstanding = 300,000; earning per share = $4.00; total assets = $5,000,000; total equity = $3,000,000, Accounts Payable =$1,000

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