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Acompany's net income for the year was $280,000.00. Stockholders' Equity was $1,700,000.00 at the end of theyear, and $1,500,000.00 at the beginning of the year.
Acompany's net income for the year was $280,000.00. Stockholders' Equity was $1,700,000.00 at the end of theyear, and $1,500,000.00 at the beginning of the year. What is the return onequity? (Round your final answer to two decimalplaces, X.XX%)
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