Summers, Inc., has net income of $50 million in the current year. Stockholders equity at the beginning and the end of the current year totaled $140 million and $160 million respectively. Total assets at the beginning and the end of the current year totaled $190 million and $210 million respectively. What is the companys return on equity for the current year?

Knowledge Check 01 Summers, Inc., has net income of $50 million in the current year. Stockholders' equity at the beginning and the end of the current year totaled $140 million and $160 million respectively. Total assets at the beginning and the end of the current year totaled $190 million and $210 million respectively. What is the company's return on equity for the current year? Multiple Choice 25.00% O O 33.33% O 31.25% 23.80% O