Questions: Calculate the return on equity (after tax) ratio. Note: Do NOT enter your answer as a percentage (i.e., do not move the decimal two places to t rounded to the nearest hundredth.

To calculate the Return on Equity (ROE) ratio, we use the formula:

\[ \text{ROE} = \frac{\text{Net Income}}{\text{Average Stockholders' Equity}} \]

However, the net income is not provided in the balance sheet data. Typically, net income would be found on the income statement, which is not included here. Therefore, we cannot directly calculate the ROE without additional information.

If we had the net income, we would proceed as follows:

1. Calculate Average Stockholders' Equity:

   \[ \text{Average Stockholders' Equity} = \frac{\text{Stockholders' Equity at the beginning of the year} + \text{Stockholders' Equity at the end of the year}}{2} \]

   For 2023:

   \[ \text{Average Stockholders' Equity} = \frac{34,800 + 48,800}{2} = 41,800 \]

2. Calculate ROE:

   \[ \text{ROE} = \frac{\text{Net Income}}{41,800} \]

Without the net income, we cannot complete the calculation. If you have access to the net income figure, you can substitute it into the formula above to find the ROE.