Question: 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

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.

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