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In the latest year, Golden-Standard reported $265,808 in net income. The firm maintains a debt ratio of 23% and has total assets of $3,059,425.

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In the latest year, Golden-Standard reported $265,808 in net income. The firm maintains a debt ratio of 23% and has total assets of $3,059,425. What is the return on equity? Round your percentage answer to two decimals if needed. Type your answer as percentage and not as decimal (ie 5.2 and not 0.052). Do not type the % symbol. Click on the arrow next to the file below. Next, create a new sheet in the Respondus LockDown Browser spreadsheet. You can use this blank spreadsheet to calculate the answer. Blank Spreadsheet.xlsx

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