Chevron's total common equity at the end of last year was $$350,000$ and its net income was $$70,000.$ What was its ROE?

Chevron's total common equity at the end of last year was $$350,000$ and its net income was $$70,000.$ What was its ROE?

$24\mathrm{.}20\%$

$17\mathrm{.}40\%$

$20\mathrm{.}00\%$

$17\mathrm{.}00\%$

$19\mathrm{.}40\%$