Using the following account balances, what is the Return on Equity ratio? Enter as a decimal (not %) and round to 2 decimal places.

Sales = 5,430,000

Net Income = 945,000

Total Assets = 10,000,000

Total Liabilities = 4,000,000

Question 10 5 pts Using the following account balances, what is the Return on Equity ratio? Enter as a decimal (not %) and round to 2 decimal places. Sales = 5,430,000 Net Income = 945,000 Total Assets = 10,000,000 Total Liabilities = 4,000,000