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M13-3 (Algo) Computing the Return on Equity Ratio LO 13-4 Compute the return on equity ratio for Year 2 given the following data: (Enter your
M13-3 (Algo) Computing the Return on Equity Ratio LO 13-4 Compute the return on equity ratio for Year 2 given the following data: (Enter your answer as a percentage rounded to 2 decimal places (.e. 0.1234 should be entered as 12.34).) Net Income Stockholders' equity Total aseta Interest expense Tor $ 193,000 1,190,000 2.550.000 50,000 Year 1 $ 166,000 1,350,000 793, 000 32,000 Answer is complete but not entirely correct. Rietumn on mully ratio 16.22%
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