Missoula Inc. reported the following selected financial statement data:

Dec 31, 2020Dec 31, 2021Cash$36,000$41,000Accounts receivable (net)54,00064,000Inventory74,00078,000Plant assets (net)216,000230,000Total assets423,000407,000Liabilities151,000151,000Shareholders' equity272,000256,000Net sales346,000412,000Cost of goods sold226,000292,000Net income26,00026,390

Required:

Compute the return on equity for 2021.(Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%.)