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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 $ 33,000 51,000 71,000 213,000 414,000 148,000 266,000 343,000 223,000 23,000 Dec 31, 2021 $ 36,500 59,000 75,000 224,000 401,000 148,000 253,000 406,000 286,000 24, 180 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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