Company X has net sales revenue of $1,256,000, cost of goods sold of $781,000, and all other expenses of 304,000. The beginning balance of stockholders' equity is $545,000 and the beginning balance of fixed assets is $375,000. The ending balance of stockholders' equity is $950,000 and the ending balance of fixed assets is $403,000. Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.) Return on Equity