Question: Chen, Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands): Compute return on equity for the current year. What

Chen, Inc., recently reported the following December 31 amounts in its financial statements (dollars in thousands):

Chen, Inc., recently reported the following December 31 amounts

Compute return on equity for the current year. What does this ratiomeasure?

Current Year Prior Year Gross profit Net income Total assets Total shareholders' equity $ 150 80 1.000 800 $110 40 900 600

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