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Using the balance sheet, If the net income of the firm is $10M, what is the Return on Equity of the firm? (2 Points)
Using the balance sheet, If the net income of the firm is $10M, what is the Return on Equity of the firm? (2 Points) Assets Liabilities Cash and Marketable Securities $250 Short Term Debt Inventory Accounts Receivable Current Assets $100 Gross Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets $50 Accounts Payable $20 $320 Current Liabilities $120 Long Term Debt $50 Common Stock $10 $110 $50 $210 $70 Retained Earnings $20 $390 Total Liabilities and Shareholder Equity $390 10.1% 7.2% 4.3%
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