Homework Answers
| Average Stockholders Equity | ||||||
| Beginning Stockholders Equity | + | Ending Stockholders Equity | / | 2 | = | Average Stockholders Equity |
| $ 670,000 | + | $ 730,000 | / | 2 | = | $ 700,000 |
| Return on Equity | ||||||
| Net Income | / | Average Stockholders Equity | = | Return on Equity | ||
| $ 154,000 | / | $ 700,000 | = | 22 % | ||
Ending net assets = Beginning net assets + Net income - Dividends
or Beginning net assets = 730,000 - 154,000 + 94,000 = 670,000.
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