calculate the return on equity (AFTER TAX) ratio. Do not enter your answer as a percentage.( do not move the decimal to places to the right.) enter it as a PROPORTION rounded to the nearest, hundredth.

Calculate the return on equity (after tax) ratio. Note: Do NOT enter your onswer as o percentage (l.e., do not move the decimal two places to the right). Enter it as a proportion rounded to the neerest hundredth. LOGIC COMPANY Comparative Income statement For Years Ended December 31, 2022 and 2023 Gross sales Sales returns and allowances Net sales Cost of merchandise (goods) sold Gross profit Operating expenses: Depreciation Selling and administrative Research Miscelloneous Total operating expenses Income befoce interest and taxes Interest expense Income before toxes Provision for toxes vet income LOGIC COMPANY Comparative Balance Sheet December 31,2022 and 2023 Assets Current assets: Cash Accounts receivable Merchandise inventory Prepaid expenses Total current assets Plant and equipment: Building (net) Land Total plant and equipment Total assets 2023 2022 Assets Liabilities \begin{tabular}{|r|r} $12,000 & $9,000 \\ 16,500 & 12,560 \\ 8,500 & 14,000 \\ 24,660 & 10,000 \\ \hline$61,000 & $45,560 \\ \hline \end{tabular} Current liabilities: Accounts payable Salaries payable Total current llabilities Long-term liabilities: Mortgage note payoble Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{|rr|} \hline 14,500 & $11,000 \\ 13,500 & 9,000 \\ \hline$28,000 & $20,000 \\ \hline$89,000 & $65,500 \\ \hline \end{tabular} \begin{tabular}{r|r} $13,000 & $7,0005,000 \\ \hline$20,000 & $12,000 \end{tabular} \begin{tabular}{|r|r|} \hline$21,000 & $21,000 \\ 26,000 & 12,000 \\ \hline$47,000 & $33,000 \\ \hline$89,000 & $65,500 \\ \hline \end{tabular}