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Refer to the 2019 income statement and balance sheet for the Flextuff Rotomolding, Inc. which are presented below. What is the 2019 numerical value of

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Refer to the 2019 income statement and balance sheet for the Flextuff Rotomolding, Inc. which are presented below. What is the 2019 numerical value of the firm's return on equity? Flextuff Rotomolding, Inc. Balance Sheet Cash Receivables Inventory Total Current Assets Net Fixed Assets Total Assets 12/31/2019 56,000 115,000 302,000 473,000 627,000 1,100,000 Accounts Payable Notes Payable Total Current Liabilities Long-term Debt Com. Stock & Paid in Surplus Retained Earnings Total Liabilities & Equity 125,000 125,000 250,000 432,000 223,000 195,000 1.100.000 Income Statement 12/31/2019 Sales Cost of Sales Gross Profit Other Expenses EBIT Interest Expense Taxes (40%) Net Income 1,364,500 985,000 379,500 194,887 184,613 55,000 129,613 51,845 77,768 Dividends Additions to Ret. Earn. 19,442 58,326

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