Balance Sheet

Current assets
Cash: 830,000
Acc receivable not given Inventories: 1,280,000
Fixed assets: 3,830,000
TOTAL ASSETS: 7,500,000

Current liabilities
Acc payable not given Long-term debt: 3,000,000
Common stock: 1,050,000
Retained earnings: 2,930,000
TOTAL LIAB and EQUITY: 7,500,000

Income Statement
Sales: 30,000,000
Operating expense: 22,500,000
EBIT: 7,500,000
Interest expense: 420,000
EBT: 7,080,000
Taxes: 2,832,000
Net income: 4,248,000

What is the firm's return on common equity?

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.