The following information is from the XYZ Company financial statements: Liabilities and Shareholders' Equity Current liabilities Long-term Liabilities $ 30,000 $ 70,000 $100,000 Stockholders' Equity Total Liabilities and Stockholders' Equity $200,000 Sales $120,000 Cost of Goods Sold $ 50,000 Gross Margin Operating Expense $ 70,000 $30,000 $ 40,000 Net Income For XYZ company calculate the Return on Equity: The following information is from the XYZ Company financial statements: Liabilities and Shareholders' Equity Current liabilities $ 30,000 Long-term Liabilities $ 70,000 $100,000 Stockholders' Equity Total Liabilities and Stockholders' Equity $200,000 Sales $120,000 Cost of Goods Sold $50,000 Gross Margin Operating Expense Net Income $ 70,000 $ 30,000 40,000 For XYZ calculate the Return on Assets: