8. In the year of 2010, the average firm in the S&P 500 Index had...
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Accounting
8. In the year of 2010, the average firm in the S&P 500 Index had a total market value of five times stockholders equity (book value). Assume a firm had a total assets of $10 million, total debt of $6 million, and net income of $600,000.
A. What is the percent return on equity?
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