Calculation of Return on Equity (ROE)

ABC Corporation is evaluating its financial performance for the year ended December 31, 2022. The company reported total sales of $2,000,000, net income of $150,000, and total assets of $1,500,000. In addition, the company had total liabilities of $800,000. Management is particularly interested in assessing the company's return on assets (ROA) and the return on equity (ROE).

What is the calculated return on equity (ROE) for ABC Corporation?