During the latest year, Sky Inc. had total sales of $500,000, net income of 30,000,...
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During the latest year, Sky Inc. had total sales of $500,000, net income of 30,000, and its year-end total assets were $290,000. The firm's total debt to total assets ratio was 0.40. You can assume total debt is the same as total liabilities. What is firm's return on equity (ROE)? Enter your answer as a percentage rounded to 2 decimal places. For example, enter 8.43 %) instead of 0.0843
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