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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 $ 34,000 52,000 72,000 214,000 417,000 149,000 268,000 344,000 224,000 24,000 Dec 31, 2021 $ 38,000 60,000 76,000 226,000 403,000 149,000 254,000 408,000 288,000 26,260 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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