Entête de question
Calculate the return on equity (ROE) of a stable company using the following data:
| Total sales | £2,500,000 |
| Net income | £2,000,000 |
| Beginning of year total assets | £50,000,000 |
| Beginning of year total liabilitiess | £35,000,000 |
| Number of shares outstanding at the end of the year | 1,000,000 |
| Price per share at the end of the year | £20 |