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Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost
Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income Dec 31, 2020 $ 39, eee 57,000 77,290 219,800 432,eee 154,000 278, eee 349, eee 229,888 29, eee Dec 31, 2021 $ 45,500 70, see 81, eee 236,000 413,000 154, eee 259, see 418,eee 298, eee 32,720 Required: Compute the return on equity for 2021. (Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%.) Return on equity
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