A company's net income for the year ended was $290,000. Stockholders' Equity was $1,600,000 at the end of the year, and $1,400,000 at the beginning of the year. The return on equity would be: (Round your final answer to two decimal places, X.XX%)

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Return on equity (ROE) is calculated as Net Income divided by Average Stockholders' Equity. Average Stockholders' Equity is ($1,600,000 + $1,400,000) / 2 = $1,500,000. ROE = $290,000 / $1,500,000 = 0.1933 or 19.33%.

A Company's Net Income for the Year Ended Was $290,000