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i need help asap ! The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's

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The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $6.50 per share at the end of this year. The company paid a common stock dividend of $0.91 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 57,500 $ 50, 000 Accounts receivable $ 108,000 $ 75, 000 Inventory $ 83,500 $ 108,000 Current assets $ 249, 000 $ 233, 000 Total assets $ 975, 000 1, 086, 000 Current liabilities $ 97, 500 $ 109,500 Total liabilities $ 240, 000 $ 216, 000 Common stock, $1 par value $ 185,000 $ 185 , 000 Total stockholders' equity 735 , 000 $ 870, 000 Total liabilities and stockholders' equity $ 975 , 000 $ 1, 086, 000 This Year Sales (all on account) $ 1, 275, 000 Cost of goods sold $ 739, 500 Gross margin $ 535 , 500 Net operating income $ 419, 250 Interest expense $ 19 , 500 Net income $ 279, 825 Foundational 14-5 (Algo) 5. What is the return on equity? (Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.) Return on equity %

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