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The financial statements of Heatwave Athletic Wear Inc. includes the following selected data ($ in millions): Sales $36,405; Net Income $925; Beginning Stockholders' Equity $4,212;

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The financial statements of Heatwave Athletic Wear Inc. includes the following selected data ($ in millions): Sales $36,405; Net Income $925; Beginning Stockholders' Equity $4,212; Beginning Liabilities $3,430; Ending Stockholders' Equity $5,620; Ending Liabilities $4,120. Calculate the return on equity. 11.1% O 18.8% O 24.5% O 7.4% O None of the above

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