Exercise 3-13 (Algo) Calculate ROE LO 4 At the beginning of the year, the net assets of Shannon Co. were $376,800. The only transactions affecting stockholders' equity during the year were net income of $36,000 and dividends of $9,000. Required: Calculate Shannon Co's return on equity (ROE) for the year. (Round your answer to 1 decimal place.) Retium on equity %