Company X has net sales revenue of $1,256,000, cost of goods sold of $769,000, and all other expenses of $296,000. The beginning balance of stockholders' equity is $460,000 and the beginning balance of fixed assets is $367,000. The ending balance of stockholders' equity is $750,000 and the ending balance of fixed assets is $395,000. Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.)