The Mainline Corporation's gross profit was $5 million, its net income was $2 million, and operating expenses were $1 million. Its owners' equity is $100 million. Its return on equity is therefore two percent.

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The Answer of The Mainline Corporation's gross profit was $5 million, its net income was $2 million, and operating expenses were $1 million. Its owners' equity is $100 million. Its return on equity is therefore two percent.

The Mainline Corporation's Gross Profit Was $5 Million, Its Net