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Net income for the Ashley Company for 2023 was $60,000. Common stockholders equity was $250,000 and $275,000, on January 1, 2023, and December 31, 2023

  1. Net income for the Ashley Company for 2023 was $60,000. Common stockholders equity was $250,000 and $275,000, on January 1, 2023, and December 31, 2023 respectively. What was the return on common stockholders equity for Ashley Company for 2023?
    1. .22
    2. .24
    3. .23
    4. None of the above

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