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Question 1 2 During the current year, Acme Company reports average total assets of $ 5 1 0 , 0 0 0 , sales revenues

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During the current year, Acme Company reports average total assets of $510,000, sales revenues of $637,500, and net income of $102,000. Throughout the year, Acme's debt equity ratio is 1.55. What is Acme's return on equity? Round to the nearest whole numb and do not enter a percent sign or a decimal point (e.g., enter 89, not 89.0% or 0.89).
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