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Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues $ 236,000 Expenses 192,480
Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues $ 236,000 Expenses 192,480 Net Income $ 43,520 Current Assets $ 68,000 Long-term Assets 204,000 Total Assets $ 272,000 Current Liabilities $ 50,000 Long-term Liabilities 98,000 Total Liabilities 148,000 Common Stock $ 58,000 Retained Earnings 66,000 Total Equity 124,000 Total Liabilities and Equity $272,000 What is the companys return-on-equity ratio
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