Below is the financial data for Arla Inc. for the year ended December $31,2020$:

Market price per share.................................................................. $$150\mathrm{.}00$

Net Income................................................................................... $$1,750,000$

Preferred Dividends declared........................................................ $$75,000$

Average # of common shares......................................................... $100,000$

Dividends per share....................................................................... $$2\mathrm{.}50$

Average common shareholders' equity.......................................... $10,000,000$

Total assets................................................................................... $$22,500,000$

Total Liabilities............................................................................... $$11,675,000$

Accumulated Other Comprehensive Income.................................. $$185,000$

Instructions

Calculate the Return on shareholders' equity $($use up to $2$ decimal places and do not include a $\%$ sign$)$