Company X has net sales revenue of $1,255,000, cost of goods sold of $782,500, and all other expenses of $305,000. The beginning balance of stockholders' equity is $555,000 and the beginning balance of fixed assets is $376,000. The ending balance of stockholders' equity is $975,000 and the ending balance of fixed assets is $404,000. Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent) etum on Equity