Question: M13-3 Computing the Return on Equity Ratio LO 13-4 Compute the return on equity ratio for Year 2 given the following data: (Enter your answer
M13-3 Computing the Return on Equity Ratio LO 13-4 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)) ik Year 2 Year 1 $ 198,000 $ 160,000 1,250,000 1,383,000 25,000 Net income Stockholders equity Total assets Interest expense 1,120,000 2,580,000 42,000 Return on equity ratio %
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