Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate Return on Common Equity.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).

Balance Sheet December 31, 2015

Cash and marketable securities	$187,000	Accounts payable	$217,000
Accounts receivable	$498,000	Notes payable	$51,500
Inventories	$799,000	Accrued expenses	$58,300
Prepaid expenses	$19,300	Total current liabilities	$326,800
Total current assets	$1,503,300	Long-term debt	$215,400
Gross fixed assets	$1,978,000	Par value and paid-in-capital	$128,000
Less: accumulated depreciation	$478,000	Retained Earnings	$2,333,100
Net fixed assets	$1,500,000	Common Equity	2,461,100
Total assets	$3,003,300	Total liabilities and owner's equity	$3,003,300

Income Statement, Year of 2015

Net sales (all credit)	$5,386,600.00
Less: Cost of goods sold	$3,716,754.00
Selling and administrative expenses	$329,000.00
Depreciation expense	$138,000.00
EBIT	$1,202,846.00
Interest expense	$39,600.00
Earnings before taxes	$1,163,246.00
Income taxes	$465,298.40
Net income	$697,947.60