Exercise 3-15 (Algo) Calculate ROE LO 3-4 At the beginning of the year, the net assets of Shannon Company were $372,400. The only transactions affecting stockholders' equity during the year were net income of $44,500 and dividends of $13,500. Required: Calculate Shannon Company's return on equity (ROE) for the year. Note: Round your answer to 1 decimal place. Return on equity %