Question: Based on the following information, please calculate the Return on Owner's Equity (up to two decimal points). Net Income 20,000 Total assets in the prior

Based on the following information, please calculate the Return on Owner's Equity (up to two decimal points).

Net Income 20,000
Total assets in the prior year 30,000
Total assets in the current year 30,000
Total equities in the prior year 30,000
Total equties in the current year 40,000

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