Question: Using the data below, compute Return on Equity. Accounts Payable 1,300 Accounts Receivable 1,500 Capital Stock 2,000 Cash 200 Cost of Goods Sold 8,000 Inventory

Using the data below, compute Return on Equity.

Accounts Payable 1,300

Accounts Receivable 1,500

Capital Stock 2,000

Cash 200

Cost of Goods Sold 8,000

Inventory 2,100

Long-term Debt 4,000

Net Income 650

Property, Plant, and Equipment (net) 5,000

Retained Earnings 1,500

Sales 12,000

Market value of shares 12,000

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