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Using the appropriate data, calculate the rate of return of equity. Current assets- $14.300: Current liabilities $16,200: Debt payments-$25.300: Depreciation expense- $20,000; Gross revenues-$146,000: Income

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Using the appropriate data, calculate the rate of return of equity. Current assets- $14.300: Current liabilities $16,200: Debt payments-$25.300: Depreciation expense- $20,000; Gross revenues-$146,000: Income tax expense $4.000: Interest $15,400: Net farm income from operations -S 3 000: Owner withdrawals-s500: Total assets: end of the year-$200.000: beginning of the year-$190,000 Total equity end of the year- $46,000: beginning of the year.$31,000: Total liabilities: end of the year-$154 000: beginning of the year-S164.000 (round to 1 decimal place)

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