The Bakers Candy Company had net income of $50,000 and owners' equity of $420,500. Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)

Net Income

The net income of a business following the deduction of all expenditures and taxes from its total revenue.

Owners' Equity

The residual interest in the assets of a company after deducting liabilities, representing what the owners own outright.

Investment

The process of distributing funds with the goal of earning revenue or gains.