Exercise 18-24 (Algo) Profitability ratio [LO18-1) 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 Accounts receivable Short-term investments Inventory Property, plant, and equipment (not) 80 $ 110 200 90 400 1,000 $1,800 220 80 260 850 $1,490 Liabilities and shareholders. Iquity Current liabilities Bonds payable Paid-in capital Retained earnings 440 260 700 400 $1,800 $ 310 260 700 220 $1,490 Required: 1. Determine the return on shareholders' equity for 2021. (Round your answer to 2 decimal places.) Retum an shareholders' equity %