Comparative balance sheets for Softech Canvas Goods for 2021 and 2020 are shown below. Softech pays no dividends and instead reinvests all earnings for future growth.

Comparative Balance Sheets
($ in thousands)
	December 31
	2021			2020
Assets:
Cash	$	116		$	84
Accounts receivable		210			230
Short-term investments		94			84
Inventory		420			272
Property, plant, and equipment (net)		1,040			880
	$	1,880		$	1,550
Liabilities and Shareholders Equity:
Current liabilities	$	460		$	320
Bonds payable		270			270
Paid-in capital		730			730
Retained earnings		420			230
	$	1,880		$	1,550

Required: 1. Determine the return on shareholders equity for 2021. (Round your answer to 2 decimal places.)

Return on shareholders equity: