Question 2 Review Griswold Company began the year with assets of $64,000 and stockholders' equity of $26,000, of which $16,000 was retained earnings. At the end of the year, total assets stayed the same, net income was $8,000, and $7,000 was paid out in dividends. What was Griswold's approximate return on equity? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 29.6% b 30.8% 3 P 26.4% 30.2% Your answer Show Submitted Answer Show Correct Answer Check My Answer