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QUESTION 1 0 Firm Y has issued 2 0 0 , 0 0 0 shares of stock with a total book value of $ 2

QUESTION

10

Firm Y has issued

200, 000

shares of stock with a total book value of $

2, 200, 000 .

Retained earnings are $

400, 000 .

What is the return on equity if net income is $

100, 000 ?

Answer

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