Computing the Return on Owners' Equity Ratio - Compute the return on equity ratio for 2012 given the following data:
|
2012
|
2011
|
|
Net income
|
$183,000
|
$159,000
|
|
Stockholders' equity
|
1,100,000
|
1,250,000
|
|
Total assets
|
2,460,000
|
2,630,000
|
|
Interest expense
|
42,000
|
32,000
|