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Net sales Cost of goods sold Other expenses Net income 500,000 250,000 100,000 150,000 Inventory Other current assets Long-term assets Current liabilities Long-term liabilities 180,000

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Net sales Cost of goods sold Other expenses Net income 500,000 250,000 100,000 150,000 Inventory Other current assets Long-term assets Current liabilities Long-term liabilities 180,000 30,000 300,000 50,000 200,000 Number of common shares issued & outstanding Market price per share 50,000 6 Common stock Retained earnings 200,000 60,000 What is return on equity? 50% 192% 75% 58%

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