Question: What is the return on equity for 2012 begin{tabular}{lccccc} multicolumn{5}{c}{2011 and 2012 Balance Sheets } & 2011 & 2012 & & 2011 & 2012

$What is the return on equity for 2012 \begin{tabular}{lccccc} \multicolumn{5}{c}{2011 and 2012$ $Balance Sheets } \\ & 2011 & 2012 & & 2011 &$

What is the return on equity for 2012

\begin{tabular}{lccccc} \multicolumn{5}{c}{2011 and 2012 Balance Sheets } \\ & 2011 & 2012 & & 2011 & 2012 \\ Cash & $2,060 & $1,003 & Accounts payable & $7,250 & $8,384 \\ Accounts rec. & 3,411 & 4,218 & Long-term debt & 9,800 & 11,500 \\ Inventory & 18,776 & 21,908 & Common stock & 15,000 & 17,500 \\ Total & $24,247 & $27,129 & Retained earning & 6,357 & 3,825 \\ Net fixed assets & 14,160 & 14,080 & & & \\ Total assets & $38,407 & $41,209 & Total liab \& equity & $38,407 & $41,209 \end{tabular} Precision Tool 2012 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income $36,408 28,225 1,760 6,423 510 $5,913 2,070 $3,843

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