Question: M13-7 Computing the Return on Equity Ratio [LO 13-4] Given the following data Previous Current $ 1,850 1,600 Net income Stockholders' 13,125 26,000 10,000 equity

M13-7 Computing the Return on Equity Ratio [LO 13-4] Given the

M13-7 Computing the Return on Equity Ratio [LO 13-4] Given the following data Previous Current $ 1,850 1,600 Net income Stockholders' 13,125 26,000 10,000 equity Total assets Interest expense 24,000 400 300 Compute the return on equity ratio for the current year. (Round your answers to the nearest whole dollar amount.) Return on Equity Ratio Numerator Denominator

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