2017 RETURN ON EQUITY

Given the balance sheet and income statement shown below, calculate Rebel Gidits 2017 Return on Equity (ROE). Enter your answer as a number with 4 decimal places of precision (.e. 0.1234 or 1.234)- ensure you include a leading number before the decimal point 2017 2016 Assets Balance Sheet as of December 31 2017 2016 Liabilities and Shareholder Equity Current abilities $ 2,783 5 2,612 Accruals 3,780 3,108 Accounts payable 10,970 9,840 Notes payable 517533 $15.560 Total Current Liabilities Current Asset Cash and Equivalents Accounts receivable Inventory Total Current Assets $ 179 $ 80 2.190 1.975 1.43 1,386 3,807 5 3,445 2017 Income Statement Sales Revenue Operating costs Excluding D&A EBITDA Depreciation and Amortization Earnings before interest and taxes (EBIT) Interest Eemings before tases (en Taxes (383) Net Income $ 75,680 59,920 15.760 3,237 $ 12.523 7.964 9.559 3,632 55.927 5 Long-term Debt Total abilities 13,840 17,642 12.510 15,951 Long term Assets Net Fixed Assets 41.323 29.650 Shareholder Equity Common stock Retained anings Total Shareholder Equity $ 25.000 $ 25,000 16,209 4,259 $41,200 $ 29,259 Total Assets S5,S6 5 45,210 Total Liabilities and Shareholder Equity $58,656 $ 45.210