Question: Compute the return on equity ratio for Year 2 given the following data: (Enter your answer as a percentage rounded to 2 decimal places (i.e.

Compute the return on equity ratio for Year 2 given the following data: (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Net income Stockholders' equity Total assets Interest expense Year 2 $ 198,000 1,150,000 2,470,000 56,000 Year 1 $ 171,000 1,450,000 2,333,000 28,000 Return on equity ratio %
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