Firm Z had net assets at the end of the year of $320,000. The only transactions affecting stockholders' equity during the year were net income of $51,000 and dividends of $11,000.Required:
Calculate Firm Z's average stockholders' equity and return on equity (ROE).

Question

Quizplus · Accepted Answer

The Answer of Firm Z had net assets at the end of the year of $320,000. The only transactions affecting stockholders' equity during the year were net income of $51,000 and dividends of $11,000.Required:
Calculate Firm Z's average stockholders' equity and return on equity (ROE).

Firm Z Had Net Assets at the End of the Year