Question 1 (4 points) Buckhorn Corporation's common stock ($4 par value per share) remained constant at $600,000 at the end of years 1 and 2. Retained earnings changed from $200,000 at end of year 1 to $230,000 at end of year 2. If there were no dividends paid out by Buckhorn during year 2, what was return on equity for year 2 (round to 2 decimal places)? Show your work for chance at partial credit