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This is first-year university accounting, please answer quickly. ang data relates to Laurier Inc. Laurier Inc. only bas common shares outstanding = 365 Receivables tur

This is first-year university accounting, please answer quickly.image text in transcribed

ang data relates to Laurier Inc. Laurier Inc. only bas common shares outstanding = 365 Receivables tur Total assets, December 31 year 1202000 Total assets, December 31, year 2 25000 Total abilities, December 31, year 198000 Total abilities, December 31, year 289000 Sales for year 2 1600000 Income for year 2 18000 Calculate the return on equity rate for year 2. Express your answer as a percentage and round your answer to two digits. For example, 0.0384 equates to 3.84% solt This were the case you would enter 3.8A your answer. Your Ansvar

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