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Company A's comparative balance sheets for 2020 and 2019 are shown below. Company A pays no dividends and instead reinvests all earnings for future growth.

Company A's comparative balance sheets for 2020 and 2019 are shown below. Company A pays no dividends and instead reinvests all earnings for future growth.

Liabilities and Shareholder's Equity section of

Comparative Balance Sheets

($ in millions)

December 31

2020

2019

Liabilities and Shareholders Equity:

Current Liabilities

$ 300

$ 250

Bonds payable

500

500

Common stock, $1 par

228

215

Paid-in capital

411

407

Retained earnings

328

224

Determine the return on shareholders' equity for 2020. Enter the percentage not as a percentage but as a 4 significant digit (0.XXXX). For example 16.23% would be written as 0.1623. Do not include the percentage sign.

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