19 3 points The condensed balance sheet and income statement for Marjorar Company are presented below. MARJORAN COMPANY Balance About At December 31, 2021 Cash $ 23,500 Notes receivable (due hagut 15 2022) 38,000 Accounts receivable (net 50,200 Merchandise inventory 73,300 Property, plant, and equipment (net) 295,000 Intangible assets 14,200 Total asset $494,200 Current liabilities $105,600 Tonds payable(124) (long-term 145,000 Common stock 79.000 Retained earnings 166, 600 Total liabilities and equity $494,200 10112 MARTORAM COMPANY Income Statement For the Year ended December 31, 2021 Sales $839,000 Cont of goods sold 467.400 Gross profit $371,600 Operating expenses 177,000 Operating income 5194,600 Interest expense 1/400 Income before income tax $177,200 Income tax expense 53.160 Net Income $120,040 Required: Compute the return on shareholders' equity ratio for Marjoram Company (Round your percentage answer to nearest whole