14)

Assume a company provided the following information:

Net income	$ 79,400
Total assets, beginning of the year	$ 1,000,000
Total assets, end of the year	$ 1,280,000
Total liabilities, beginning of the year	$ 680,000
Total liabilities, end of the year	$ 830,000

The return on equity is closest to: (Round your final answer to the whole percentage.)

Multiple Choice

• 15%.

• 19%.

• 21%.

• 17%.