Question: QUESTION 12 Let's see if you remember basic Financial Accounting: Hastro hos Sales of $301500, Cont of Goods Scht of $285,000, we all recent $18,750
QUESTION 12 Let's see if you remember basic Financial Accounting: Hastro hos Sales of $301500, Cont of Goods Scht of $285,000, we all recent $18,750 Their Balance sheet is stated below Cash $ 10,000 Accounts payable $ 55,000 Receivables 50,000 Other current viabilities 20,000 Inventories 150,000 Long-term debt 75.000 Net fixed assets 90.000 Common equity 150.000 Total assets $300,000 Total liabilities and equity $300.000 Calculate the firm's Return on Equity. 12.5% O 7.5% O 10% 5%
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