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Sarah Curry, CFA, has gathered the following information on Jamestown Fiber Optics Inc. (JFOI). Selected Financial Data for JFOI (in millions) Total sales $2,044 (fiscal

Sarah Curry, CFA, has gathered the following information on Jamestown Fiber Optics Inc. (JFOI). Selected Financial Data for JFOI (in millions) Total sales $2,044 (fiscal year 2016) Total assets $1,875 (fiscal year end 2015) Net income $322 (fiscal year 2016) Total debt $1,465 (fiscal year end 2015) Compute the return on equity for JFOI for 2016

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