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The balance sheet of Duluth Trading reports total equity of $500,000 and $650,000 at the beginning and end of the year, respectively. The return on
The balance sheet of Duluth Trading reports total equity of $500,000 and $650,000 at the beginning and end of the year, respectively. The return on equity (ROE) for the year is 20%. What is Duluth Trading's net income for the year? The balance sheet of Chicago Electric reports total equity of $950,000 and $780,000 at the beginning and end of the year, respectively. Net income and sales for the year are $85,000 and $1,300,000, respectively. What is Chicago Electric's return on equity-ROA
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