Required information (The following information applies to the questions displayed below.) Wichita, Inc. reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues Expenses Net Income $220,000 191,200 31 $ 28,800 Current Assets Long-term Assets Total Assets $ 60,000 180,000 $240,000 Current Liabilities Long-term Liabilities Total Liabilities $ 44,000 90,000 134,000 Common Stock Retained Earnings Total Equity $ 50,000 56,000 106,000 Total Liabilities and Equity $240,000 What is the company's return-on-equity ratio? Multiple Choice 27% Total Equity of 2 Total Liabilities and Equity $240,000 10:29 What is the company's return-on-equity ratio? Multiple Choice 27% 12% 6% 44%