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LMN Corp has Net Income of $97,900. Total Assets are $966,000. The debt-equity ratio is .50 . 1) What is the amount of equity? (rounded

image text in transcribed LMN Corp has Net Income of $97,900. Total Assets are $966,000. The debt-equity ratio is .50 . 1) What is the amount of equity? (rounded to nearest \$) 2) What is the amount of debt? (rounded to nearest \$) 3) What is the return on equity? (round to 2 decimal points in % format)

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