Calculate the return-on-equity.

The following income statement and balance sheets for The Athletic Attic are provided. THE ATHLETIC ATTIC For the year ended December 31, 2021 Net sales Cost of qoods sold Gross profit Expenses: Operating expenses Depreciation expense Interest expense $8,710,000 5,355,000 3,355,000 $1,505,000 191,000 31,000 341,000 Income tax expense Total expenses 2,068,000 $1,287,000 Net income THE ATHLEIC TTIC Balance Sheets December 31 2021 2020 Assets Current assets: Cash 145,000 695,000 1,310,000 91,000 S 195,000 715,000 980,000 66,000 Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation 1,055,000 (191,000) $2,820,000 1,055,000 (382,000) $2,914,000 Total assets Liabilities and Stockholders' Equity Current 1iabili+ios Accounts payable Interest payable 96,000 C $ 72,000 3,100 29,100 30,500 Income tax payable Long-term liabilities: Notes payable Stockholders' equity 410,000 410,000 Common stock 510,000 1,867,500 $2,914,000 510,000 1,795,800 Retained earnings $2,820,000 Total liabilities and stockholders' equity Earnings per share for the year ended December 31, 2021, are $1.17. The closing stock price on December 31, 2021, is $20.52