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Quinn Corporation began the current year with 10,000 outstanding shares of Common Stock and $400,000 in Stockholders' Equity. After generating Net Income $70,000 in the

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Quinn Corporation began the current year with 10,000 outstanding shares of Common Stock and $400,000 in Stockholders' Equity. After generating Net Income $70,000 in the current year, Quinn ended the year with 12.000 outstanding shares of Common Stock and $430,000 in Stockholders' Equity, with its stock trading at $9.70 per share when its annual results were reported. What was Quinn's Return on Equity for the year? Multiple Choice O O 14.89% 15.05% 16.28% 16.87%

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