Comparative balance sheets for Softech Canvas Goods for 2016 and 2015 are shown below. Softech pays no dividends, and instead reinvests all earnings for future growth.

Comparative Balance Sheets ($ in 000s)

December 31 2016 2015

Assets:

Cash $ 104 $ 76

Accounts receivable 190 210

Short-term investments 86 76

Inventory 380 248

Property, plant, and equipment (net) 960 820

$ 1,720 $ 1,430

Liabilities and Shareholders Equity:

Current liabilities $ 420 $ 300

Bonds payable 250 250

Paid-in capital 670 670

Retained earnings 380 210

$ 1,720 $ 1,430

Required: 1. Determine the return on shareholders equity for 2016. (Round your answer to 2 decimal places.)