Markus Companys common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this years financial statements:
	Ending Balance	Beginning Balance
Cash	$35,000	$30,000
Accounts receivable	$60,000	$50,000
inventory	$55,000	$60,000
current assets	$150,000	$140,000
total assets	$450,000	$460,000
current liabilities	$60,000	$40,000
total liabilities	$130,000	$120,000
common stock, $1 par value	$120,000	$120,000
total stockholder's equity	$320,000	$340,000
total liabilities and stockholders equity	$450,00	$460,000
	THIS YEAR
Sales ( all on account )	$700,000
Cost of goods sold	$400,000
Gross margin	$300,000
Net operating income	$140,00
Interest expense	$8,000
Net income	$92,400

5. What is the return on equity?