The financial statements of Snapit Company are given below. 
-Refer to the financial statements of Snapit Company.The firm's return on equity ratio for 2009 is ________.
Definitions:
Lump Sum Payment
A single payment made at a particular time, as opposed to several smaller payments or installments.
Compounded Annually
A method of calculating interest where the interest earned over a period is added to the principal, and the total becomes the base for the calculation of the next period's interest.
Lump Sum Payment
A payment made in a single lump sum amount, often used in the context of paying off debts or settling transactions.
Sinking Fund
A reserve fund established by setting aside revenue over a period of time to fund a future capital expense or repay a long-term debt.
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