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se the following information for the next two questions. Galbe, Inc. had the following amounts on its 12/31/2009 financial statements: Revenues $100,000 Expenses 90,000 Net

se the following information for the next two questions.

Galbe, Inc. had the following amounts on its 12/31/2009 financial statements:

Revenues $100,000

Expenses 90,000

Net Income $10,000

Current Assets 25,000

Long-term Assets 75,000

Total Assets $100,000

Current Liabilities 10,000

Long-term Liabilities 40,000

Total Liabilities 50,000

Common Stock 20,000

Retained Earnings 30,000

Total Stockholders' Equity 50,000

Total Liabilities & Stockholders' Equity $100,000

What is Gable's return on assets ratio?

A. 5%

B. 10%

C. 20%

D. 50%

What is Gable's return on equity?

A. 5%

B. 10%

C. 20%

D. 50%

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