Dr. Joyner opened a not-for-profit facility three years ago. Dr. Joyner wants to measure the efficiency of the facility's operations by finding the return on equity. The net income for the facility is $250,000. The owner's equity that Dr. Joyner has is $355,000. Calculate the return on equity ratio. Round to the nearest whole percent.

Answer rating: 100% (QA)

To calculate the return on equity ratio divide the net income 250000 ... View the full answer