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Sales $ 380,000 Net Income $ 32,000 Retained Earnings $ 46,000 Avg. Stockholders' Equity $ 142,000 Dividends $ 5,800 What is the return on equity?

Sales $ 380,000 Net Income $ 32,000 Retained Earnings $ 46,000 Avg. Stockholders' Equity $ 142,000 Dividends $ 5,800 What is the return on equity? (Round your answer to the nearest whole number or percent.) Multiple Choice 23%. 35%. 27%. 8%

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