Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet as of December 31, 2019 (Thousands of Dollars) Cash $ 220,000 Accounts payable $ 600,000 Receivables 1,575,000 Notes payable 100,000 Inventories 1,155,000 Other current liabilities 540,000 Total current assets $2,950,000 Total current liabilities $1,240,000 Net fixed assets 1,325,000 Long-term debt 400,000 Common equity 2,635,000 Total assets $4,275,000 Total liabilities and equity $4,275,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars) Sales $7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 929,000 Earnings before interest and taxes (EBIT) $ 196,000 Interest expense 40,000 Earnings before taxes (EBT) $ 156,000 Federal and state income taxes (25%) 39,000 Net income $ 117,000

Use the extended DuPont equation to calculate ROE for both Lozano and the industry. Do not round intermediate calculations. Round your answers to two decimal places.