Final answer:
The return on owners' equity is calculated by dividing the net income after taxes by the owners' equity. In this case, the return on owners' equity is 15.13%.
Step-by-step explanation:
The return on owners' equity can be calculated by dividing the net income after taxes by the owners' equity.
In this case, the net income after taxes is $59,000 and the owners' equity is $390,000.
Therefore, the return on owners' equity is calculated as:
Return on Owners' Equity = Net Income After Taxes / Owners' Equity
Return on Owners' Equity = $59,000 / $390,000
Return on Owners' Equity = 0.1513 or 15.13%