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Roger Binny Company compiled the following financial information as of December 31, 2020: Net income OMR 1,120,000 Share Capital OMR 240,000 Buildings OMR 320,000 Operating
Roger Binny Company compiled the following financial information as of December 31, 2020: Net income OMR 1,120,000 Share Capital OMR 240,000 Buildings OMR 320,000 Operating expenses OMR 1,000,000 Cash OMR 280,000 General Reserve OMR 80,000 Inventory OMR 40,000 Accounts payable OMR 160,000 Accounts receivable OMR 120,000 Retained earnings, 1/1/2020 OMR 600,000 Calculate Return on Equity
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