Company X has net sales revenue of $1,255,000, cost of goods sold of $767,500, and all other expenses of $295,000. The beginning balance of stockholders' equity is $450,000 and the beginning balance of fixed assets is $366,000. The ending balance of stockholders' equity is $725,000 and the ending balance of fixed assets is $394,000. Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.) Return on Equity %