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Gven the following data 2010 2009 net income 1740000

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Given the following data. 2010 2009 Net income $ 1,740,000 $ 1,530,000 Stockholders' equity $ 10,650,000 13,760,000 Total assets $ 22,000,000 24,000,000 Interest expense 488,000 220,000

Required: Compute the 2010 return on equity ratio. (Round your answer to 1 decimal place. Omit the "%" sign in your response.) Return on equity %

Reference no: EM13603411

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