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 %