Oak Leaf Emporium (OLE)reported shareholders' equity of $35.8 million at its 2015 fiscal year-end.From 2016 until 2018,net income fluctuated from $4.5 million,to a loss of $5.7 million,to a gain of $1.3 million.During this time the average number of shares remained constant at 10.8 million.Share prices also fluctuated from a high of $8.45 in 2016,to a low of $6.10 in 2018; prices were $0.13 higher in 2017.During the same time period,shareholders equity was $52.1 million,$46.4 million,and $47.5 million,respectively,for 2016 - 2018.Calculate OLE's return on equity (ROE),and price/earnings (P/E)ratios for 2016.

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The Answer of Oak Leaf Emporium (OLE)reported shareholders' equity of $35.8 million at its 2015 fiscal year-end.From 2016 until 2018,net income fluctuated from $4.5 million,to a loss of $5.7 million,to a gain of $1.3 million.During this time the average number of shares remained constant at 10.8 million.Share prices also fluctuated from a high of $8.45 in 2016,to a low of $6.10 in 2018; prices were $0.13 higher in 2017.During the same time period,shareholders equity was $52.1 million,$46.4 million,and $47.5 million,respectively,for 2016 - 2018.Calculate OLE's return on equity (ROE),and price/earnings (P/E)ratios for 2016.

Oak Leaf Emporium (OLE)reported Shareholders' Equity of $35